NZDCHF Long Trade Setup

Hello Traders

My expectation is an up impulse as C wave for a higher degree regular flat. My target for the completion of that structure is 0.71000. As you can see, we have correction after the first impulse. I don't like both its magnitude and sharpness of the B wave. That's why in my opinion, a bigger correction is more likely than a strong up impulse. That being said, the last bottom is almost 0.500 retracements of 1st wave and 0.272 extensions of A wave. We have a divergence between A and C. Finally, it got a strong reaction and bounced back which can be the reversal impulse. That's why I'm waiting for a correction to place an entry order above the last top.

For more details and the daily updates please watch my daily analysis videos on Youtube.
Trade with care.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out