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USDCAD - Probable Expanded Flat Pattern formation in Wave IVThe structure of the downtrend which has been started from the range of 1.3420, has finished in the range of 1.2928 which is in the form of 3 waves. Given this trend, we will probably have a 5-wave uptrend in C-wave, which could be extended up to the target of 1.3523. If the price crosses the range of 1.2928, this analysis will be violated. In case the price crosses the range of 1.3172, we can expect an uptrend forming hopefully.
Long
by NirmataFX
1
USDCHF - Expanded Flat pattern in wave 4There are many scenarios for this currency in the daily and weekly charts, but the current pattern in the 240-minute chart is Expanded Flat, which can be extended in the up the range of 0.9275 to 0.9387. It should be noted, this is a corrective movement of wave 4, after the completion of correction, the downtrend will begin in the last wave If the price exceeds the range of 08978, this scenario will be violated. In case the price crosses the range of 0.9139, the ascending trend will be confirmed.
Long
by NirmataFX