NZDJPY Intra-day Buy setup.
This pair is still inside a long term correction pattern.
Inside the long term pattern, a bullish move is expected to complete a shorter time frame correction.
Completion of short term correction(1:1 ext of A vs B) is in confluence with .618 retrace of the prior impulse wave.
High probability of price testing .618 retrace before turning down to complete the higher degree correction.
Inside the long term pattern, a bullish move is expected to complete a shorter time frame correction.
Completion of short term correction(1:1 ext of A vs B) is in confluence with .618 retrace of the prior impulse wave.
High probability of price testing .618 retrace before turning down to complete the higher degree correction.
Penafian
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