CADCHF - Over 1000pips Banked. What Is Next?

CADCHF has given us over 1000pip worth of setups. We are now looking for one more trade setup to complete this bearish wave.

We know that Waves 1, 3 and 5 have a 5 wave structure. We are currently in wave 5 and looking for 5 subwaves to complete the bearish sequence.

Trade idea:
- We are in subwave 1 (of wave 5)
- Watch for subwave 2 retracement
- price should not go above 0.683 = invalidation level
- Targets: 0.645 (300pips), 0.62 (550pips)

Goodluck and as always, trade safe!

See our previous CADCHF setups below:

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