CADCHF has likely finished its correction phase (called a W-X-Y in Elliott Wave), which basically means the market has already gone through a messy sideways/down move and may now be ready to trend. Price recently dipped below support (a fake breakdown) and quickly reacted, suggesting sellers are losing control.
Right now, the market is trying to form the first move up (Wave 1), but it’s not confirmed yet. For real strength, currency needs to break and hold above the marked resistance level. Breakout above wave B will confirm the bullish cycle.
Bullish targets are 0.5148 - 0.5751+. We can extend the targets after the breakout of wave X.
We will update with further information soon.
By BrightRally_Research
Right now, the market is trying to form the first move up (Wave 1), but it’s not confirmed yet. For real strength, currency needs to break and hold above the marked resistance level. Breakout above wave B will confirm the bullish cycle.
Bullish targets are 0.5148 - 0.5751+. We can extend the targets after the breakout of wave X.
We will update with further information soon.
By BrightRally_Research
交易结束：到达目标
ALL TP DONE!!!!!
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。