U-Shape Reversal? Possible Opportunity for LONG!
Updated
Last week, Swiss currency is the strongest of all and we expect it currently in its exhaustive phase in the coming weeks.
We could take this opportunity to capitalize on other currencies.
At weekly TF, CADCHF is trying to make a U-shape pattern and this would be a great opportunity for long with good risk to reward ratio.
This is a long term idea.
The whole setup is invalid if the price breaks the key level or 0.68870.
We could take this opportunity to capitalize on other currencies.
At weekly TF, CADCHF is trying to make a U-shape pattern and this would be a great opportunity for long with good risk to reward ratio.
This is a long term idea.
The whole setup is invalid if the price breaks the key level or 0.68870.
Trade active
Boom! Just Hit TP 1. Now making pullback at monthly corrective channel @ lower TL before continuing the 3rd bullish elliot wave entering back into the monthly channel.
You can place your entry at 0.6940. Next TP is at TP2 with the same SL.
All the best
Trade closed: stop reached
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