NZDCHF - CORRECTION IN PROGRESS

We can see that the pair according to my wave count is in the 4th wave, currently in a correction phase. I am expecting it to retrace up to 38.2% Fib (we can see there is a nice confluence between the 38.2 fib level and the trendline itself) before one more wave to the upside. This specific setup given that everything goes as expected can provide a great R2R.

Trade safe and implement your own due diligence before executing a trade.

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Comment:

broken above and now retesting