TECHNICAL BEAM
After confirming a significant downside wave leg 5 confirmation on 25th of October at exactly 12:00 IronFx GMT; The bulls have in reply, began taking their share of the market price for CADCHF. To confirm the bullish trend however, we had to wait till 20th of November at about 00:00 GMT to confirm an established wave leg Y pattern equating to a Head & Shoulder bullish confirmation signal.
Following the confirmation of the signal for this CADCHF, we now have price target specified using our Fibonacci sequence. as sen bellow
TARGET ONE- 50% Fibonacci number = 0.90342
TARGET TWO- 61.8% Fibonacci number = 0.9150
TARGET THREE 100% Fibonacci number = 0.9533
This price targets are expected to come to completion on or before the 10th of January, 2014 following a Gann series analysis of the time duration.
For targets one and two, we might see a compete price cycle on or before the 7th of December, 2013. Do note that fundamentals could alter the duration for this predefined time
NOTE: Price
predictions produced by FibonacciPrice&PatternTrader may be
affected by unforseen events like hurricane, earth quake, flood and
other natural disasters consequently changing price patterns already
predicted. Hence we advice strict adherence to money management
techniques.
HAPPY TRADING
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