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
거래청산: 타겟 닿음
ALL TP DONE!!!!!
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관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.