POTENTIAL LONG SETUP ON NZDCHF
Price completed an impulsive wave 1-5 and about to complete the corrective ABC wave.
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The ABC correction which is likely to reverse from a confluence of ascending trend line, support level, and 38.2 Fib of the previous impulse.
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Considering that price is in an area of value, we will wait for the break of the blue Counter Trend Line for a buy entry.
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Price has the potential to move towards -27.0 Fib extension once it breaks our CTL, but we have to put the weekly resistance level that lined up with descending trendline in consideration.
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I hope you have a good start to the week. Go and win!
.
The ABC correction which is likely to reverse from a confluence of ascending trend line, support level, and 38.2 Fib of the previous impulse.
.
Considering that price is in an area of value, we will wait for the break of the blue Counter Trend Line for a buy entry.
.
Price has the potential to move towards -27.0 Fib extension once it breaks our CTL, but we have to put the weekly resistance level that lined up with descending trendline in consideration.
.
I hope you have a good start to the week. Go and win!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.