The NZDJPY price pattern has formed a broadening wedge/trumpet but in Ichimoku's analysis it will almost form a “Y wave” if a bearish probability is formed due to the appearance of an “S Wave”. but if the resistance area on 28 May 2021 is broken, the price pattern will form an "N" wave and the price will fly. here's the scenario I think will form. don't go against the trend!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.