NZDJPY could move down
On 4h chart, trend is down. On 30min chart, Price has corrected with double zigzag pattern.
In which, wave Y = 0.618 wave W, and within wave Y, subwave c = a. Reversal pinpar also support that price should start to move down. Zoom in 5 min chart, sub wave iv of c has ended and seemly in progressing of subwave v. So we should wait for price breaks below subwave iv and short!
Just idea, not recommend because I’m usually wrong!
In which, wave Y = 0.618 wave W, and within wave Y, subwave c = a. Reversal pinpar also support that price should start to move down. Zoom in 5 min chart, sub wave iv of c has ended and seemly in progressing of subwave v. So we should wait for price breaks below subwave iv and short!
Just idea, not recommend because I’m usually wrong!
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