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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