Forex Trading Analysis
Hello Guys I am going to analyze NZDCHF currency pair let us start the top top-to-bottom Eliot wave analysis inside the daily time frame the trend is down in nzdchf currency pair Daily time frame resistance is present at 0.545 price level price section is most likely going to drop to print bearish with five impulse leg in coming trading days decisive bullish breakout above 0.545 resistance area is going to end downtrend daily chart of NZDCHF currency pair
At 4hour time frame price action manages to break above the most recent swing high to me and CHF Trend looks sideways in 4hour time frame
At 1 hour time frame the trend is down in 1 hour chart intraday resistance is present at 0. 5263 price level price action is most likely going to drop to print bearish with three impulse leg which offers a chance to join the downtrend in nzd CHF Frank pair a decisive bullish breakout above 0.52 63 resistance level is going to end downtrend in 1 hour chart of New Zealand dollar versus CHF
More specific the red color highlighted area offers a selling opportunity which is the previous second wave of one lesser
