It was 2015 NZD/JPY started falling.
The downward trend still exists.
But the price will have to rise first for a significant fall.
That is why I am expecting C wave(upside) now.
Then it will be transformed into a complete structure for the downside trend.
Even if the current price is reduced again,
the market's upward momentum will not change.
The downward trend still exists.
But the price will have to rise first for a significant fall.
That is why I am expecting C wave(upside) now.
Then it will be transformed into a complete structure for the downside trend.
Even if the current price is reduced again,
the market's upward momentum will not change.
Note
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Disclaimer
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.