In the previous chart published, the downside was only partially without the major follow through expected. See So at the time only scratched trade at worse. It was based on weekly chart so not completely surprise and should have wider margin before completely discounting or calling it failure. So revisiting this chart, overall all reasons given earlier are...
an inverted heand and shoulders has been completed and I am now monitoring for a neckline retest to go long. The neckline support will be based on d1 line chart and I will be monitoring the neckline f6 area for a good test.
Chart: Manual System based on Elliott Waves and Fibonacci. Aqua line is Main Pivot. Status: Waiting for pullback, Price needs to go down to white dashed line. Comment: Normally i trade on Metatrader 4, i am trying to convert to TradingView so Signals are only illustrative till i have convertet the templates from Metatrader to TradingView.
Chart: Manual System based on Elliott Waves and Fibonacci. Aqua line is Main Pivot. Status: Waiting for a new Trend Extreme Comment: Normally i trade on Metatrader 4, i am trying to convert to TradingView so Signals are only illustrative till i have convertet the templates from Metatrader to TradingView.
CADCHF bearish below 8600 and guess wave five end on daily chart . first target 8400 then faces trend line break target will be 8300 and 8200. break 8600 open target to 8730 . --------------------------------- www.facebook.com freefx1.blogspot.com www.targetforexsignals.com
reasonable Risk Reward here so I will take the trade if we get down to the 1.27 of AB
Risk Reward of 2 is quite good. Let`s wait and see if there is a fill
The pair has popped out of the bullish flag consolidation pattern, after the huge bullish move of the past week. A double bottom around .8475 may signal the uptrend resume; further confirmation comes from the big bullish candle breaking out from the channel.
CADCHF after buy hit target i was talked about .and now RSI broken bullish line again . and also touch trend line . i guess wave 5 end now and time to sell . first target now 8400 break trend line target will be 8250 . invalidation close daily above 8590 and target will be...
If EW3 is completed expected ret. on EW4 at least to 83, possible sub 82 on 5-0 50% ret. for a new long.
From the structure perspective, all 5 EWs are complex in nature. According to wave1 behavior, expected similar wave5 behavior and completion slightly above 85. However, a possible crab completion higher @85.45
CADCHF breached the descending channel. Bearish cypher just above the last high. Bearish bat at structure of previous swing high.
Hello again guys, I'm here once more with a trade idea about a nice looking pair, CADCHF. As you can see from my chart the Head and Shoulder pattern is completed and the neckline is broken. I've also included my elliott wave counts and my targets. The targets are based on Fibonacci Retracements and Projections combined with S/R. (If you don't believe in...
CADCHF is set to rise in a channel towards 0.5 Fib level with confluence of bullish hidden divergence.