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.
Dear friends, if you want to know about my analysis quickly, please install Mobile Trading View software on your phone.
Thank you for your support, likes and boosts.
Be successful and profitable.
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.
Dear friends, if you want to know about my analysis quickly, please install Mobile Trading View software on your phone.
Thank you for your support, likes and boosts.
Be successful and profitable.