NZDJPY Hello friends
In the NZDJPY currency pair we see the formation of a triangle.
Triangles always appear in wave 4 or B in a zigzag.
Considering that the previous wave of this triangle is a complete 5-wave, then we are facing a zigzag.
Usually, in triangles, a wave can be a triangle or a zigzag. But weakness in wave E is always accompanied by overlapping and absence of strong candles, all of which are visible.
Therefore, our trading plan is to enter a sell trade with the condition of breaking the upward trend line at the bottom of this triangle.
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Be successful and profitable.