Hi guyz,
Here are some ideas we can derive from NZDJPY Daily chart based on EWave's perspective
1. NZDJPY has previously completed its 5 waves since March 2020 and currently heading towards major correction process
2. Price has completed it's Wave A cycle and we are now looking at the extended Wave B process which we hope to see a major push down towards Wave C
3. It previously made a heavy rejection at the swing high trendline and now in its minor correction which we can see on lower TF. We hope to see a continuation drop from the recent bearish impulse to get us ready on Short position for NZDJPY
3. We need to see a strong bullish momentum of Yen to enable NZDJPY to push down the price to the nearest level
4. The only confirmation of the beginning of counter trend shall be market making HL & LL structure which we can monitor on lower TF
Thanks!
Here are some ideas we can derive from NZDJPY Daily chart based on EWave's perspective
1. NZDJPY has previously completed its 5 waves since March 2020 and currently heading towards major correction process
2. Price has completed it's Wave A cycle and we are now looking at the extended Wave B process which we hope to see a major push down towards Wave C
3. It previously made a heavy rejection at the swing high trendline and now in its minor correction which we can see on lower TF. We hope to see a continuation drop from the recent bearish impulse to get us ready on Short position for NZDJPY
3. We need to see a strong bullish momentum of Yen to enable NZDJPY to push down the price to the nearest level
4. The only confirmation of the beginning of counter trend shall be market making HL & LL structure which we can monitor on lower TF
Thanks!
