OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
Hello friends
In the NZDJPY currency pair, we see a 5 wave downtrend.
Then we see a rise in the majority of a correction.
5 corrective waves are usually wave A of a zigzag.
We observed and counted a 5 wave in the dominant wave A.
Wave B has corrected 61.8% of Wave A.
Therefore, we are waiting for another wave in the majority of wave C.
If you look at the time frame above, we see a triangle and this wave is consistent with the structure of the triangle, which is 3-3-3-3-3 waves and includes zigzags and...
Therefore, we enter the transaction with more confidence than our analysis.
Be successful and profitable.
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