URIFX

NZDJPY: Capture wave 3 of 5

Long
FX:NZDJPY   New Zealand Dollar / Japanese Yen
4
In daily chart, we can see a bull channel with a possible 5 waves counted. Wave 4 should complete because:

1/ Higher High on last 4 days
2/ yesterday, price rejected a Lower Low
3/ A Pin bar - a signal of bull.

Looking for a bull is a good idea in H1
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.