Wave-Trader
Short

CAD almost hitting 6 years old downtrend

FX:CADCHF   Canadian Dollar/Swiss Franc
1935 29 67
waiting for price action on longer term downtrend line expecting short from this level
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ascending channel broken expecting correction then breakdown
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Moving nicely as was expected
moving as was expected
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Comment: there is huge potential in this trade setup because it is forming bearish flag on daily time frame which shows bulls have lost momentum to the upside and huge wave down may come with impulsive move.
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here we got the pullback
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Complex correction forming
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Comment: price about to hit sell place keep watching for bearish wave
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CADCHF  On potential reversal zone
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CADCHF buy setup in the channel
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CADCHF an other amazing short setup forming


CADCHF an other amazing short setup forming


CADCHF Moving amazingly


CADCHF This pair is moving amazingly
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CADCHF Forming new structure
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would be helpful if you place numbers and a,b,c on your charts so we can see how you count the waves
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but the last "channel" is a "perfect" example of elliot waves as i know from the books. wave 2: deep retracement and very clear. wave 3: expected to be the longest. wave 4: very diffuse, not that clear. wave 5: soon completed i guess at the long term line.
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Wave-Trader TOP ernstschwarz
i am really happy you gave your time on my idea thank you very much for that the reason is not to count and label the waves are that theory does not work always in practical market only you can get idea from theory if you will follow theory rather than your strategy then this does not gonna work and the second most important thing is every wave trader will label the waves differently so this was the reason not to label the waves.if you will your views on my post i will be very happy thank you
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Wave-Trader TOP Wave-Trader
if you will post your views on my post then i will be very happy thank you
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Thank you!
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you are welcome
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Great work done
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thank you sir
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nice one, totally agree with you on this.
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thanks
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Thanks. This one has great potential
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yup it really has, thanks for the support and good luck
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thank you for the update
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my pleasure and thank you for your feedback
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Nice !
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thanks
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nice break of channel identification
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Always nice watching your charts, I was on the trade, now waiting for pull back too. Thanks
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Wave-Trader TOP thewealthlifters
good luck mate
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As always - good analyse, learning a lot following you.
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Thanks
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Trade active @0.739, let's go up!
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fxfxfx fxfxfx
I am out for now, it is too close to the support line for my taste, I will wait and see if the channel breaks downwards or not.
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sure mate good luck
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Wave-Trader TOP Wave-Trader
keep close eye on oil if oil bounce the CAD pairs will too
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fxfxfx Wave-Trader
I am on it, thanks Wave! Following your updates...
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good
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