NZDJPY Rising Fake
On NZDJPY, there appears to be a Rising Wedge formation with several noteworthy observations. There's been one Fake Break, no top Wick, followed by another Fake Break, and no Bottom Wick. Although there hasn't been a deceleration at the Fibonacci 0 level yet, we are currently touching the Trend Line and have formed two consecutive Higher Lows.
Therefore, consider the possibility of a break and pullback from 0.236 to 0.382, followed by a retracement to 0. Please review and provide corrections if needed.
Therefore, consider the possibility of a break and pullback from 0.236 to 0.382, followed by a retracement to 0. Please review and provide corrections if needed.
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