Davis

Do you like harmonics?

FX:NZDJPY   New Zealand Dollar/Japanese Yen
54 0 0
How would you play this?

1. There is potential ABCD pattern setting up whitch means buying opportunity. For target you can choose harmonic retracement at structure and selling oppurtunity for potential three drive and then again you can buy this pattern at ratio confluence.

2. If this appears to be ABCD pattern only then there is a cypher pattern whits means sell.

Eather way this pair has broken the structure to the downside so more selling pressure might be in cards.

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