As seen on:
ntv-logo sky-logo comedy-central-logo

Final Phase of Symmetrical Triangle?

CADCHF

Good day traders! CAD/CHF might finally be nearing the end of a long-term Symmetrical Triangle. The last time I reviewed this trade idea was on the 1st of November and I recently thought that my proposed E-wave may have completed already.

Yesterday’s sell-off may be the start of the final leg lower, but I would like to see a zigzag formation that moves lower into the 0.7345 – 0.7407 region, rather than a fast drop.

If price moves that low and reverses higher, then potential upside targets could be set at 0.7550 and 0.7628.

Until next time, happy and safe trading!

Regards

Richard Krugel

by Richard Krugel December 3, 2019
0 3