CADCHF Elliott Wave
hello friends
In the CADCHF currency pair, we see the formation of 3 Elliott patterns.
The first pattern consists of a 5-wave impulse wave, which we can call wave 1 or A.
The second wave is a ZigZag and the third wave is an Expanded Triangle.
Considering that two correction waves have followed, the possibility of changing the trend is very high.
My guess is the start of an impulse wave at the dominant wave 3 or C.
A buy trade can be prepared with a stop loss below wave 1 or B, which is the range of 0.6190.
If the price breaks the bottom of the triangle and the price closes in it, our theory is invalid and you can enter the sell trade.
To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
In the CADCHF currency pair, we see the formation of 3 Elliott patterns.
The first pattern consists of a 5-wave impulse wave, which we can call wave 1 or A.
The second wave is a ZigZag and the third wave is an Expanded Triangle.
Considering that two correction waves have followed, the possibility of changing the trend is very high.
My guess is the start of an impulse wave at the dominant wave 3 or C.
A buy trade can be prepared with a stop loss below wave 1 or B, which is the range of 0.6190.
If the price breaks the bottom of the triangle and the price closes in it, our theory is invalid and you can enter the sell trade.
To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
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