CADCHF BULLISH BIAS
Price since April 21 2021 to December 20 2021 has been in a Elliot corrective zigzag pattern, a 5-3-5 ((A)-(B)-(C)) as indicated in the above chart, Its clear to say the corrective phase is complete. Price broke out of it while forming a clear Elliot bullish five wave pattern wave i,ii and iii and its now retesting the broken zone as per normal price behavior while forming the iv wave of the five wave pattern . I think price will hit the grey indicated zone before hitting to my targets which are;
TP1 - 0.74709
TP2 - 0.75624
TP3 - 0.75858
DISCLAIMER
This is not financial advise ,trading financial instruments is risky.
TP1 - 0.74709
TP2 - 0.75624
TP3 - 0.75858
DISCLAIMER
This is not financial advise ,trading financial instruments is risky.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.