Elliot Wave Analysis
New Zealand Dollar/Japanese Yen FX:NZDJPY
Here we have EW4 forming, i’m looking for a test and rejection of 77.174/76.971 to potentially look for long opportunities and ride up to EW5
A break below EW1 would negate the pattern and cause me to stay flat
Prior we have a trendline breakout which was preceeded by a Class C bearish divergence
also have a missed weekly pivot below, so expecting price to test this.
Wait and watch