FX:NZDJPY   New Zealand Dollar / Japanese Yen
Buy Scenario:

H4 - Triple cycle up completed, now we may expect double wave down and once it completes itself we can long with the breakout of the most recent trend line.

Sell Scenario:

D1 - Price is respecting down trend line, hidden bearish divergence formed. If we didn't get a valid breakout of this downtrend line, we may expect the price to reach the last low or may be even new lows to be created.

H4 - As long as there is no confirmation for the opposite direction, we can look for short term sells with the breakout of the most recent uptrend line.


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.