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)

İşlem kapandı: hedefe ulaştı:

TP 1: 0.6362

İşlem kapandı: hedefe ulaştı:

TP 2: 0.6274

Yorum:

TP 3: 0.6124

İşlem kapandı: hedefe ulaştı:

ALL Target Done