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Ncdchf

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)
by forextidings
2
Technical indicator buy analysis Is am relying on MACD and RSI for this trade so this is a strict technical analysis. Currently MACD/SIGNAL are heading for a zero line cross. If this takes place smoothly we will see a breach and continuation through .64400. RSI will break resistance and breach overbought zone. If the cross is interrupted we may see a pivot at .64400 to retest .64100. If this takes place buyers may look to load up with confirmed support and RSI will correct back towards overbought zone. Please comment with thoughts and ideas. Thank you.
Long
by Pika7993
1