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Cadchfshort

CADCHF TO COMPLETE A DOUBLE ZIGZAG CORRECTIVE PATTERNHi Traders, The CADCHF has just completed a zigzag correction which retested a swing level that lined up with 50.0 Fib ratio and descending trendline. . The correction which is most likely wave (b) of Y of double zigzag pattern signals the continuation of the downtrend in the wave (c) of Y. . Considering that traditional technical analysis agrees with Elliot Wave analysis we now have solid evidence to go short on this pair. . The target for this setup is the support 0.73333 that's between 61.8 and 100% FE of wave (a) of Y. . Best of luck on the chart! Veejahbee.
Short
by Veejahbee
Short Position for CADCHFAfter the breakout from the Ascending Triangle Pattern, CADCHF starts showing a Bearish Continuation by Declined the Moving Average Exponential. After the Decline, I decided to entry Short Position ( Sell ) SELL @0.7520 STOP LOSS @0.7570 TAKE PROFIT @0.7455 This action was taken by Chart Pattern analysis and a combination of Standard Indicator, Moving Average Exponential ( 10 & 20 ). This is just my analysis, don't consider this as a suggest unless you suit with the risks. Good luck !! Cheers !!
Short
by Maserati_KS
1
CADCHF - Short within ABCDear community, my SHORT idea is based on the Elliot Wave count, Fibonacci Retracement and classic chart analysis. Major facts that support my idea are: - The price formerly formed and broke out of a beautiful ending triagonal, indicating the end of the impulsive 1-2-3-4-5 up move and the start of the a-b-c correction. - The price dropped initially forming the A of the correctional a-b-c - The price recovered and corrected back into the 50% / 61.8% Fibonacci levels, which would traditionally be seen as strong reversal levels === Taking all these very convincing facts into account I am confident to believe that wave b is soon coming to an end, starting the last and most powerful downward wave c . A potential target can be determined as soon as wave b is complete and wave c has started (to be posted in the updates). Good luck!
Short
by TFLOfficial