Why are we entering?
- Expecting CAD strength = EURCAD SHORT
Entry
- Safe Entry: break of WFB
- Risk Entry: rejection of fib
Once entered, where will our Stoploss be?
- above price once WFB breaks or above invalidation
Where do we take profits?
First TP: 1.45 (650pips)
Swing TP: 1.42 (1000pips)
Taper thereafter and actively manage