Hello traders,
NZDJPY is similar to AUDJPY recovering; we see NZDJPY breaking out of a corrective channel, which is a confirmation that wave 4 of a higher degree wave A is completed, and wave 5 underway. Wave 5 can now unfold a five-wave sub-structure, eyeing 73.6/74.2 level. That said, be aware of temporary pullbacks along the way.
In case higher degree wave A, and B had already completed, then latest recovery can be higher degree wave C, which can go beyond 73.0 mark.
Trade well,
the EW-forecast team
NZDJPY is similar to AUDJPY recovering; we see NZDJPY breaking out of a corrective channel, which is a confirmation that wave 4 of a higher degree wave A is completed, and wave 5 underway. Wave 5 can now unfold a five-wave sub-structure, eyeing 73.6/74.2 level. That said, be aware of temporary pullbacks along the way.
In case higher degree wave A, and B had already completed, then latest recovery can be higher degree wave C, which can go beyond 73.0 mark.
Trade well,
the EW-forecast team
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👉Explore Our Services @ wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
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Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
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.