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Cadchfsetup

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
CADCHF Daily Time frame Channel PatternCADCHF in Daily Time frame Following Channel Pattern We can also see there Uptrend line which has broken Channel patterns. Channel patterns are types of sedimentary deposits formed by streams and rivers. Collectively, they are called fluvial deposits. Their shape and sediment characteristics are easily identified and enormously complex. Sale: 0.75512 Target : 0.75102 Target : 0.74814 Target : 0.74339 Target : 0.73965 Target : 0.73533 Stop loss: 0.76355 Note: This is only for Educational Purpose this is not Investment advice. Please support the setup with your likes, comments and by following on Trading View. Share Our Chart on All Social Media. Thanks Adil Khan
Short
by Make_Money_Guru_Bitcoin
1