Symmetrical Triangle on CADCHF Update
The "d" leg has bounced off the trendline perfectly and is heading downwards.
We're currently sitting in the "e" leg of the triangle, so it's a crucial moment.
Once we hit the lower trendline the price will jump up out of the triangle and a new bullish 5 wave move would be on the way.
I'm putting my buy orders at around 0.843 where it takes the same amount of time it took for the "d" leg to form.
We will have more info on the exact entry point as soon as the (a) leg of the "e" leg forms, then we can set the entry point using fibonacci.
Will update as soon as I get more data.
Till then, have a nice day.
We're currently sitting in the "e" leg of the triangle, so it's a crucial moment.
Once we hit the lower trendline the price will jump up out of the triangle and a new bullish 5 wave move would be on the way.
I'm putting my buy orders at around 0.843 where it takes the same amount of time it took for the "d" leg to form.
We will have more info on the exact entry point as soon as the (a) leg of the "e" leg forms, then we can set the entry point using fibonacci.
Will update as soon as I get more data.
Till then, have a nice day.
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