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Nzdchflong

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
Nzdchf longs...The pair has approached a strong HTF support confluence of a daily upward trend line and a weekly support level...After a brief downside manipulation to mop up sells, the stage is set for longs, a 4H minor downside trend line has been breached, though not convincinly enough, minor resistance is also offered by the yellowed region... A cute little bullish flag has been forming (highlighted in the purple rectangle) an impulsive bullish break of that and the minor structural resistances as shown should bring about some bullish action in the nearest future. If this was remotely useful to you, please support my work with a like and a quick Sub...Thanks.
Long
by LexyenHille