NZDJPY short reversal on the 4H/1H may be nearing
Looking for a downward reversal somewhere at 74.642 (50.0%) – which is near the multiple AB=CD pattern ending at 50.0%. Or at 75.177 (61.8%) - which is also near a resistance at 75.248. Said reversal would continue the long downtrend on the 1W that started back on 24 July 2017, with 5 LH’s and 5 LL’s.
Longer term there is a long downtrend on the 1W which could reverse upwards due to the looking at the falling wedge also on the 1W, but the upwards reversal may not be imminent.
As others here say, these are just my ideas and not investment advice....
Longer term there is a long downtrend on the 1W which could reverse upwards due to the looking at the falling wedge also on the 1W, but the upwards reversal may not be imminent.
As others here say, these are just my ideas and not investment advice....