EURCAD is showing us the perfect impulsive wave. As we can see, we are currently on the 4th wave correction which is an ABC wave. We are on Wave C now, which has 5 waves.
We're expecting the final 5th wave higher, which will be broken down into 5 subwaves.
4H Timeframe
Trade Idea: - Watch for break of red trendline for confirmation that we've started the 5th wave - Enter with stops below the lows - Target: 1.463 (500pips), 1.49 (800pips)
Goodluck and as always, trade safe!
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EURCAD 4H: How To Enter
Entry: Break of red trendline SL: Goes below the lows which precedes the breakout
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EURCAD EW Cheat Sheet: This is how we're expecting EURCAD to play out