anilmangal

NZDJPY 240 corrective UPTREND

Long
FX:NZDJPY   New Zealand Dollar / Japanese Yen
The NZDJPY is in a corrective uptrend we have complete one leg" W wave" and we are now in a "Y wave" which has 3 lower degree waves waves in it (could still make 5) If this down moves (now happening)comes to the red trend line and bounce then I would count it as an X wave and will be buying" Z wave". If it breaks the up trend,then the correction is a 3 wave WXY(yellow) pattern.I will look to sell if trend is broken.

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.