CADCHF LOOKING BEARISH ACCORDING TO ELLIOTT WAVE
A BEARISH 5 WAVES MOVES LOOKS TO BE TAKING PLACE.
THE 5WAVE MOVE STARTED WITH A LEADING DIAGONAL AND RETRACED GIVING US A WAVE 2.
IT PROGRESSED WITH A STRONG WAVE 3 AND RETRACED ON A COMPLEX WXY WAVE 4.
WE NOW LOOK FOR FURTHER DOWN MOVE TO WAVE 5 ONLY WHEN THE MARKET DOES NOT BREAK THE WAVE 1 INVALIDATION POINT
THE 5WAVE MOVE STARTED WITH A LEADING DIAGONAL AND RETRACED GIVING US A WAVE 2.
IT PROGRESSED WITH A STRONG WAVE 3 AND RETRACED ON A COMPLEX WXY WAVE 4.
WE NOW LOOK FOR FURTHER DOWN MOVE TO WAVE 5 ONLY WHEN THE MARKET DOES NOT BREAK THE WAVE 1 INVALIDATION POINT