Hi guys! This is my analysis of NZDJPY,
For me, it's still in the correction wave, and it's probably shaping a Flat correction, the wave B seems to be completed, there is a pinbar at the 78% Fibo ret wave A, and we are also in the overbought area in RSI, waiting for the proper signal to enter sell position!
Hope it helps!
For me, it's still in the correction wave, and it's probably shaping a Flat correction, the wave B seems to be completed, there is a pinbar at the 78% Fibo ret wave A, and we are also in the overbought area in RSI, waiting for the proper signal to enter sell position!
Hope it helps!