NZDCHF(Elliott Wave)
Hello friends
In the NZDCHF currency pair, we see a very clear Elliott pattern.
In this pattern, we see either an ABC or a 3 of 5 wave.
In every 3 or C wave scenario, we see a 5th wave, the 5th wave of which has not been completed yet.
We are waiting for the completion of wave 5 of 3, and after breaking the upward trend line and pullback, we can enter the short trade.
It is possible that the 5th wave is formed as Ending Diagonal, which rarely happens, but if it happens, the price will fall quickly and sharply. Also, I remind you that Ending Diagonal is formed only in wave 5 and with the structure 3_3_3_3_3.
Probably the price will grow up to the range of 0.56500 then it will fall to the range of 0.5500.
To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost.
Be successful and profitable.
In the NZDCHF currency pair, we see a very clear Elliott pattern.
In this pattern, we see either an ABC or a 3 of 5 wave.
In every 3 or C wave scenario, we see a 5th wave, the 5th wave of which has not been completed yet.
We are waiting for the completion of wave 5 of 3, and after breaking the upward trend line and pullback, we can enter the short trade.
It is possible that the 5th wave is formed as Ending Diagonal, which rarely happens, but if it happens, the price will fall quickly and sharply. Also, I remind you that Ending Diagonal is formed only in wave 5 and with the structure 3_3_3_3_3.
Probably the price will grow up to the range of 0.56500 then it will fall to the range of 0.5500.
To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost.
Be successful and profitable.
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