The NZDJPY pair is trading within a Channel Up pattern using the 1D MA50 (blue trend-line) as a pivot point as of late. We can see a diverging (dotted) Channel Up that has priced the recent Higher Highs as well as being supported by the 1D MA200 (orange trend-line).
The 1D RSI has rebounded on the 39.90 Support level, which is where the last two Higher Lows has...
An ABC Flat to hit the daily fibonacci speed fan. The B is very sharp but there are no waves, so I see this as a correction rather than impulse. I'm using my trading execution plan and sticking to my plan that I made a few months ago that has Elliot wave as the fundamental structure of my analysis. The past few months I've not been as critical of my analysis with...