In our last analysis we identified that we were in wave 2 correction. We've seen waves A and B and now we've almost completed wave C.
We're looking for price to complete wave C at the structure level before reversing for the longer term.
Trade Idea:
- Watch for rejection at the structure level indicated
- For confirmation, watch for lower timeframe trendline break or BOS etc.
- Enter with stops above the correction
- Targets: 82 (320pips), 80 (530pips), Swing TP 75 (1000pips)
Goodluck and as always, trade safe!
See below for our past NZDJPY analysis:
We're looking for price to complete wave C at the structure level before reversing for the longer term.
Trade Idea:
- Watch for rejection at the structure level indicated
- For confirmation, watch for lower timeframe trendline break or BOS etc.
- Enter with stops above the correction
- Targets: 82 (320pips), 80 (530pips), Swing TP 75 (1000pips)
Goodluck and as always, trade safe!
See below for our past NZDJPY analysis:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.