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$USDCHF holds 0.8931 for new lows
Read MoreUSDCHF is showing an 11 swing structure down from 0.9157 January high when 0.8931 was 2nd wave (( x )). As far as price stays below this level or pivot at this level keeps holding, we like more downside in the pair toward 0.8642 – 0.8697 from where we should see a bigger recovery in […]
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Triangle as a Wave 4
Read MoreIn the Chartism you could find out triangles any where using two trendlines to fix the geometric form. But there are certain triangles that are not so important by type but location and these are displayed on a wave 4 of a Elliott wave impulse. If you have a well structured impulsive count and after […]
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$USDCAD looking for 7th swing lower
Read MorePair is showing 5 swings down from 1.1195 peak which is not a diagonal and hence the structure / swing sequence is incomplete. We believe 6th swing is in place at 1.1117 and pair is trading lower in the 7th swings to complete the sequence. Drop from 1.1160 – 1.1034 was in 5 waves so […]
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$USDCAD in a double corrective structure
Read MoreUSDCAD is showing 5 swings down from 1.1195 peak with no RSI divergence which means sequence is incomplete. Therefore, we look for another low ideally to 1.1000 to complete 7 swings down from 1.1195 peak. Pair should see an upside reaction from the orange area (1.0965 – 1.1000) which can take it to new highs […]