NZDJPY - Impulse Wave Incoming! ⚡️

Feb 9, 2022

NZDJPY has been showing us some really nice price action. We saw the impulsive wave down (5 waves) and now we're in a 3 wave correction (ABC) and we're almost at the completion of the corrective wave. The next step in the sequence is another impulsive wave down.

We have the 61.8 fibonacci, structure and descending trendline acting as confluence in our reversal zone.

Trade idea:
- Watch for rejection at our reversal zone and enter
- Stops above the rejected price
- Targets: 76 (150pips), 75.250 (220pips), 74.6 (285pips)

What do you guys think? Let us know below!

Goodluck and as always, trade safe!

Feb 10, 2022

Order cancelled

Invalidated but there's an even better setup appearing. Sells on Monday 14th February at the structure levels above

Feb 10, 2022

Note

NZDJPY Update - Looking at these 2 structure levels for rejection. We have high impact JPY news on Monday so that's the day we'll be looking for a strong move

Feb 11, 2022

Trade active

Risk trendline broken. Trade active

Feb 15, 2022

Note

NZDJPY - Expecting a further drop!