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Cadchfanalysis

CADCHF Elliot Wave Short Setup: Triangle inside TriangleHere is an update on CADCHF. A few weeks ago I published an analysis suggesting a triangle pattern could lead to a sell-off on CADCHF. Since then we've experienced a further contraction in price action, but everything is visible now and still in line with the Elliot Wave principle. One of the guidelines for a Triangle pattern is that wave "e" of the triangle can also sub-divided to a triangle and that's what happened in the case of CADCHF as you can see in the chart above. This gives us a high probability set up with a high risk to reward ratio. Price has already triggered the confirmation level so we could see a rapid sell-off for the rest of the week.
Short
by Veejahbee
1
Triangle Pattern Could Send CADCHF LowerCADCHF and EURCAD are negatively correlated; that is, if EURCAD is trading higher, then most of the time CADCHF will be trading lower. I've been tracking a triangle pattern on EURCAD, but when a colleague sent me his view on CADCHF, I could easily spot an almost completed triangle pattern as well. This further confirms that the triangle on EURCAD and the related pattern could send CADCHF lower in wave C. See related ideas links for EURCAD analysis.
Short
by Veejahbee
CADCHF Next Market Move is Ready.In the name of Allah, the Most Gracious, the Most Merciful". CADCHF In 1Hrs Time Frame Looks Bearish Because in 4 Hrs It has Broken its Last Support level which current making resistance level. News : BOC Rate Statement, Overnight Rate At 8:30 pm Indian Time Market Trend: In 1 Day Time Frame its Looks more bearish. Risk is 14 pips Reward is 43 pips. IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY. HOW TO TRADE ON OUR SIGNALS. We Explain above you use that lot size whatever Capital you have. Let say, for example, you have 4000 Dollars Capital. We Posted Trade which has 4 Take Profit. We will use 0.20 Total lot size We will divide it in 4 Orders. 0.20 lot Divided by 4 Take profit = 0.05 Lot size. So we will open 4 Trade with 0.05 Lot size for each trade. Let See How We will do. 1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target. 2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target. 3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target. 4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target. Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry. If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target. If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On. Note: This is only for Educational purposes; this is not investment advice. Thanks Adil Khan.
Short
by Make_Money_Guru_Bitcoin
1