NZDJPY 5 wave cycle

my elliot wave and price action analysis show that the price of nzdjpy are in complete 5 wave cycle.due to that, i predict that the price will make a correction before continue going upward.

another thing is, the candlestick formation for the weekly candle last week is bullish marubozu which show that there are lot of buying pressure from the buyer.

finding the buying opportunity is the best way to put entry at the area of 78.50.see whether there are some rejection on the candle or the candle indicate that the trend will moving downward.

good luck!!

this idea was created for the purpose of study only.all the trades will be at your own responsibility.


A forex trader who enjoy doing forex naked chart and make profit with forex expert advisor.Also enjoy to socialize with other forex trader in the world.

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