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Cadchfforecast

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
CADCHF, TIME TO GO LONG!?Hello traders! Today we have this beautiful CADCHF setup, after moving to the downside for a long time, now we have the chance to go long for the first time, however, before we can, we have some things we need to check first! For a good and safe entry, we would recommend you to wait for a clean closure above our resistance level (you can look for entries in the 30M chart if you want). CADCHF has a lot of potential for us so let's try to get as many pips as we can from this setup! Best of lucks, GlobalYouthTrading For more updates join our free telegram group: t.me
Long
by Wevesting
1
CadCHF getting lower to the keylevel 74.00the CADCHF broke the Trendline and retested it. now it is following a clearly downside movement to make an. double bottom togo bullish again. this downside movement is just a retracement for the current level. after 74.000 CadChf will rise again. to a target of 0.79. mason for this is that I believe that CAD has scope a strengthen further, extending its recent recovery. and this in contrast with the CHF where the SNB is dovish about their monetary plan.
Short
by TraderslifeEU