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)
Trade closed: target reached
TP 1: 0.6362Trade closed: target reached
TP 2: 0.6274Note
TP 3: 0.6124Trade closed: target reached
ALL Target Done
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.