CADCHF is currently trending bearish = looking for only sell setups.
In this analysis, we can see multiple degrees of waves.
Major waves = Black bracketed waves
Subwaves = Red circled waves
Minor waves = small red bracketed waves
We are currently in subwave 3 which has 5 minor waves.
We are seeing minor wave 2 correction now and anticipating minor wave 3 move lower.
Trade idea:
- Watch for rejection of sell zone
- Risk entry on rejection of fib
- Safe entry on break of red trendline
- Targets: 0.712 (250pips), 0.69 (450pips), 0.65 (700pips)
Goodluck and as always, trade safe!
In this analysis, we can see multiple degrees of waves.
Major waves = Black bracketed waves
Subwaves = Red circled waves
Minor waves = small red bracketed waves
We are currently in subwave 3 which has 5 minor waves.
We are seeing minor wave 2 correction now and anticipating minor wave 3 move lower.
Trade idea:
- Watch for rejection of sell zone
- Risk entry on rejection of fib
- Safe entry on break of red trendline
- Targets: 0.712 (250pips), 0.69 (450pips), 0.65 (700pips)
Goodluck and as always, trade safe!
Nota
Saveable post Nota
CADCHF 8H: Running 350pips 🔥Nota
+900pips âś…
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Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Declinazione di responsabilitĂ
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.