NZDJPY Double Scenario
Weekly range and price created a false break and it has bounced from the top. Our final target is the bottom of the range.
Daily - Bullish divergence formed. correction is expected to happen.
H4 - Triple cycle has completed itself. We have convergence and also divergence with false break.
Once the correction completes itself, look for breakout of the most recent trend line and then look for buys.
Once the price reaches this level look for confirmations for bearish reversal and then we can start looking for sells.
Daily - Bullish divergence formed. correction is expected to happen.
H4 - Triple cycle has completed itself. We have convergence and also divergence with false break.
Once the correction completes itself, look for breakout of the most recent trend line and then look for buys.
Once the price reaches this level look for confirmations for bearish reversal and then we can start looking for sells.
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