CADCHF Elliott Wave Analysis
Updated
Hello friends
In the CADCHF currency pair, we expect the price to grow, but why?
In this currency pair, we are witnessing the formation of 2 5-wave patterns and 2 zigzag patterns, which can be called 1 or A and 2 or B and 3 or C.
In my opinion, considering the price drop and the formation of these patterns, it is evidence of a price reversal.
Therefore, I expect the formation of wave 5.
I also consider the stop loss at 0.62100.
If our theory is correct, we expect the price to grow to the level of 100% and then 161.8% Fibonacci.
To support me, I recommend installing the Trading View application on your phone and see my analyses and support me with your comments and Boost. Be successful and profitable.
In the CADCHF currency pair, we expect the price to grow, but why?
In this currency pair, we are witnessing the formation of 2 5-wave patterns and 2 zigzag patterns, which can be called 1 or A and 2 or B and 3 or C.
In my opinion, considering the price drop and the formation of these patterns, it is evidence of a price reversal.
Therefore, I expect the formation of wave 5.
I also consider the stop loss at 0.62100.
If our theory is correct, we expect the price to grow to the level of 100% and then 161.8% Fibonacci.
To support me, I recommend installing the Trading View application on your phone and see my analyses and support me with your comments and Boost. Be successful and profitable.
Trade closed: target reached
Note
We have reached the first target .
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