NZDJPY - 2025 Plan. Make It Your Best Year Yet!Here we have the 2 Day chart for NZDJPY.
We've seen a massive impulse mid 2024. We are now in an ABC correction.
We are currently in wave B of the correction, subwave B. Expecting subwave C to complete wave B.
We're looking for a rejection of the fib zone and a drop of over 700pips.
Trade idea:
- Watch for rejection of fib zone
- Once rejection appears, enter with stops above the highs
- Targets: 86 (350pips), 83 (700pips)
Once we've completed this move down, we'll be looking for longs. We'll update this setup if there's enough engagement.
Goodluck and as always, trade safe!