NZDJPY - Blue or pink ...
As long as the price stays below 69.62, we could still see some bearish days.
Correction of the blue b c stretch (of the A) to 0.618% would be appropriate, but also lower to 0.786% is not excluded.
If the blue path is confirmed, then you could go long at the low in December and hold.
Break and close above 69.62 speaks for bullish development on a daily basis.
In addition to the 2 paths: blue and pink, I added the red path at the very edge, but it is less likely.
Correction of the blue b c stretch (of the A) to 0.618% would be appropriate, but also lower to 0.786% is not excluded.
If the blue path is confirmed, then you could go long at the low in December and hold.
Break and close above 69.62 speaks for bullish development on a daily basis.
In addition to the 2 paths: blue and pink, I added the red path at the very edge, but it is less likely.
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