rishabhkilaniya

NZDJPY Impulse - Correction Spotted

Long
FX:NZDJPY   New Zealand Dollar / Japanese Yen
NZDJPY potential buying opportunity, the weekly chart shows an impulse - correction pattern, after every impulse & correction next impulse is formed.

Things to consider:
1. Strong weekly impulse followed by short term correction
2. Correction wave retraced 0.382 Fibonacci level and rejected 2 times
3. Price is moving up from strong weekly support
4. COT data:- NZD - 1k ⬇️ JPY - 61k ⬇️ (overall price will go up since JPY is much weaker than NZD)

How to enter:
1. Study the chart provided
2. Locate all the important prices
3. Tommorow when market is open find best entry on 4hr timeframe
4. Stay tuned for sniper entry on Monday

ALL THE BEST!

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