NZDJPY - Impulse Wave Incoming! ⚡️

9 Feb 2022

NZDJPY has been showing us some really nice price action. We saw the impulsive wave down (5 waves) and now we're in a 3 wave correction (ABC) and we're almost at the completion of the corrective wave. The next step in the sequence is another impulsive wave down.

We have the 61.8 fibonacci, structure and descending trendline acting as confluence in our reversal zone.

Trade idea:
- Watch for rejection at our reversal zone and enter
- Stops above the rejected price
- Targets: 76 (150pips), 75.250 (220pips), 74.6 (285pips)

What do you guys think? Let us know below!

Goodluck and as always, trade safe!

10 Feb 2022

Pesanan dibatalkan

Invalidated but there's an even better setup appearing. Sells on Monday 14th February at the structure levels above

10 Feb 2022

Nota

NZDJPY Update - Looking at these 2 structure levels for rejection. We have high impact JPY news on Monday so that's the day we'll be looking for a strong move

11 Feb 2022

Dagangan aktif

Risk trendline broken. Trade active

15 Feb 2022

Nota

NZDJPY - Expecting a further drop!