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Veejahbee

Triangle Pattern Could Send CADCHF Lower

Short
Canadian Dollar/Swiss Franc (FX:CADCHF)  
Veejahbee  
FX:CADCHF   Canadian Dollar/Swiss Franc
Trend Analysis Chart Patterns Wave Analysis CADCHF cadchfshort cadchfsell cadchfanalysis elliotwaveanalysis elliotwavecount brexit tradewar
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trendanalysis chartpattern waveanalysis cadchf cadchfshort cadchfsell cadchfanalysis elliotwaveanalysis elliotwavecount brexit tradewar
CADCHF and EURCAD are negatively correlated; that is, if EURCAD is trading higher, then most of the time CADCHF will be trading lower.
I've been tracking a triangle pattern on EURCAD, but when a colleague sent me his view on CADCHF, I could easily spot an almost completed triangle pattern as well.
This further confirms that the triangle on EURCAD and the related pattern could send CADCHF lower in wave C.

See related ideas links for EURCAD analysis.


Related Ideas

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CADCHF Elliot Wave Short Setup: Triangle inside Triangle
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EURCAD Triangle Might Yet To Completed - Bias Remains Bullish
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