NZDJPY is currently in an an ABC correction. We have seen wave A, which was a leading diagonal and now completing wave B. We want to catch wave C which is marked out by the arrow.
Trade Idea:
- Watch for a break of the red trendline for confirmation
- Enter with stops below price
- Targets: 83.5 (350pips), 85 (500pips)
Goodluck and as always, trade safe!