Current structure indicates we are in long correction possible wxy with high propability of expanding triangle in Y part. Yoy can try to take any buy setups on lowe timeframe to a target 0.90000 and above when i expect a reversal and another impulse to downside
Looks like we have a daily flat correction ABC in development. I expect another impulse up to targets as marked on chart.
We have a classic correction ABC in play with wave C as a squeeze. I expect at least one more impulse up before bigger correction.
Current structure indicates we may have inverted head and shoulders pattern in development. I think we will have another smaller drop before reverrsal. I will try to go long from very bottom. More traditional entry will trigger on breakout of pattern neckline.
This is my updated long term forecast for CADCHF. I think we should get another impulse up as bigger degree correction ABC is most likely over. We have a nice bullsih bat pattern on weekly which indicates upmove and you can take any long trade setups on lower timeframe and try to keep them for longer period.
There is high probability we are in abc correction and we should expect another drop at least to retest previouse low. You caan look for buy setup and than around 7440 level to sell setups
We might get excelent oportunity for buy as current structure indicates possibility of inverted head and shoulder pattern in making. You can try to enter based on breakout as marked on chart.
Current structure indicates we have a triangle pattern in development. I consider this formation as continuation pattern withing existing uptren on daily timeframe. Good luck !!
Current structure indicates we have a head and shoulders pattern in development. It will be my second sell setup as previous one has not triggered. Pleae note if succesfull it may lead to biger dropp in price so it is woth to take it.
Current structure indicates we have a triangle pattern in development on 4hr timeframe. It would be a good idea to take a trade based on breakout of inner line or upper line of pattern. This is a good RRR trade so it is worth to risk.
Looks like we have a first impulse down in new structure and we are currently in flat abc correction which should end soon. Wait for breakout of lower trendline for sell entry.
Current structure indicates we will have a big fall and I expect another impulse down. Looks like bigger degree flat ABC correction is over and definitely it is worth to take sell trade from this point as RRR is excellent.
I will go for potentially huge drop here. Looks like we have a first impulse in bear trend than correction and we are breaking from lower trendline which indicates we will have further fall.
I will go for potentially big sell trade here. There was a setup already on lower time frame just on top for entry. I will enter trade on breakout of line marked on chart. Good Luck!!
tAKE THE SELL TRADE AFTER SMALL PULLBACK AS IT MIGHT LEAD TO LONG TERM IMPULSE TO DOWNSIDE.
We have had an impulse down and few smaller degree abc corrections and now we are in bigger flat ABC correction which indicates another impulse downso do not miss it. Price might drop from two levels and I will be waiting for trigger.
I think we are still in bigger degree ABC correction and I expect wave up before next drop as marked on chart.