A Symmetrical Triangle at its "d" leg on CADCHF

FX:CADCHF   Canadian Dollar/Swiss Franc

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.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out