DavoodWadi
Long

A Symmetrical Triangle at its "d" leg on CADCHF

FX:CADCHF   Canadian Dollar/Swiss Franc
Hi,

As you all know the long term bias for CADCHF is bearish . Just look at the weekly time-frame.

In the Daily time-frame we've seen a correction to the up side (that I called it A leg of a ZigZag ) which lasted 201 calendar days.

Now I've waited for the B leg correction and as time unfolds it seems to be a Symmetrical Triangle which has already shown its "d leg".

I would sit back and wait for the "e" leg to end near the low of the "c" leg at 0.841 and then look and the price action and buy CADCHF .

I would expect a big upthrust after the "e" leg.

My Stop will be under "c" leg's low, under 0.84
Price shouldn't go there.

Will update the trade idea as soon as I get more price action to clarify targets.

Until next time, take care.
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