Here is a view on CADCHF that i been calling long for days now, haha... basically we can see a double extention... WAVE 3 and the CURRENT ENDING WAVE 5. There is a beautiful ending Diagonal in the current wave 5. We can also see on H1 and Daily, an bollinger extention in the oversold level!
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CADCHF is in a current huge downtrend so SL should be 50 PIPS and you shouldnt risk more than 2%. Take profit is pretty good so even with good risk managment you can make good money! No need to be greedy. Enjoy and lets see!
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CADCHF is in a current huge downtrend so SL should be 50 PIPS and you shouldnt risk more than 2%. Take profit is pretty good so even with good risk managment you can make good money! No need to be greedy. Enjoy and lets see!
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Clearer view
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For Eliott Fanatic, here is a more complete view
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Profit!
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Dont be suprise if you get back in negative with CADCHF... it might make a last low then rocket! The market always try to make weird moves... weird when you dont know them... but technically for that ending diagonal we would still have a more low before going back up. Dont worry im readdy =)