RKchartest

NZDJPY possible long in the near future.

FX:NZDJPY   New Zealand Dollar/Japanese Yen
88 0 4
NZDJPY             could be long in the near future. A complex correction is approaching the 38.2% retracement level on the hourly chart. If this happens to be a wave 2 of a new Elliot cycle, the complex correction has a tendency to add allot of fuel to wave 3.

With the daily finishing a ABC correction and ending at wave 4 of the main cycle, this trade can go both ways. Im sure there is an alternate count out there. If you have one, please post it.

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