NZDCHF: Price has started unfolding final wave (Y)
Key levels: 0.6520
Price is forming a corrective descending channel for 13 months.
Currently, the price is facing resistance at the upper band of the parallel channel.
As per Elliott wave projection, NZDCHF is forming corrective structures (W), (X) & (Y). Price has completed the intermediate wave (x) and started falling for the final wave (Y).
Traders can short for the following targets: 0.6362 - 0.6274 - 0.6124- 0.6052.
Invalidation: Breakout of wave (X)
Price is forming a corrective descending channel for 13 months.
Currently, the price is facing resistance at the upper band of the parallel channel.
As per Elliott wave projection, NZDCHF is forming corrective structures (W), (X) & (Y). Price has completed the intermediate wave (x) and started falling for the final wave (Y).
Traders can short for the following targets: 0.6362 - 0.6274 - 0.6124- 0.6052.
Invalidation: Breakout of wave (X)
Operación cerrada: objetivo alcanzado:
TP 1: 0.6362
Operación cerrada: objetivo alcanzado:
TP 2: 0.6274
Comentarios:
TP 3: 0.6124
Operación cerrada: objetivo alcanzado:
ALL Target Done
