FX:NZDJPY   New Zealand Dollar / Japanese Yen
NZDJPY
Long Setup

A clear bullish impulse wave. According to EW Theory, wave 4 is usually a corrective triangle formation. Hence, a 5th wave is anticipated soon as price has already broken out of the triangle to the upside.
Some analysis state that it is a forming a Head and Shoulder pattern, this setup will only be valid once price breaks the neckline of this structure.
Trade active
Trade closed manually: Closed with +73 pips
Comment:

Comments

It seems valid,thanks for sharing 👍🏻🦐👊🏻
+1 Reply
ForexShiz plancton0618
@plancton0618, Thanks mate! anytime!
Reply
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