VincePrince

JPYNZD, Decisive Bull-Flag-Formation, How It Completes

FX_IDC:JPYNZD   JAPANESE YEN / NEW ZEALAND DOLLAR
Hello,

Welcome to this analysis about JPYNZD , we are looking at the 12-hour timeframe perspectives. As I recently detected JPYNZD is forming this interesting structure with mainly this decisive descending-bull-flag-formation formed and the wave-count from A to C almost already completed in the flag-formation. Besides that, the wave-count in the flag and the flag itself form the wave C of the major wave-count to the upside. This flag-formation finally confirms with a breakout above the upper-boundary as it is marked in my chart and such a breakout with a sustainable stabilization above the boundary will be the setup for the further continuations to the upside as well as activation of the upper bull-flag-target-zone marked in my chart in blue in the 0.01323 level. When the breakout completes as suggested the targets will be reached with a high possibility likelihood and after this has happened the situation needs to be elevated anew with JPYNZD either continuing bullishly or moving into a reversal which would not be unlikely.

In this manner, thank you for watching my analysis about JPYNZD and the main bull-flag-formation with the likely breakout incoming and activation of upside-targets ahead of next times, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best!

"Trading effectively is about assessing possibilities, not certainties."

Information provided is only educational and should not be used to take action in the markets.

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