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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