NZDJPY Doube Scenario
Buy Scenario:
H4 - Triple cycle up completed, now we may expect double wave down and once it completes itself we can long with the breakout of the most recent trend line.
Sell Scenario:
D1 - Price is respecting down trend line, hidden bearish divergence formed. If we didn't get a valid breakout of this downtrend line, we may expect the price to reach the last low or may be even new lows to be created.
H4 - As long as there is no confirmation for the opposite direction, we can look for short term sells with the breakout of the most recent uptrend line.
H4 - Triple cycle up completed, now we may expect double wave down and once it completes itself we can long with the breakout of the most recent trend line.
Sell Scenario:
D1 - Price is respecting down trend line, hidden bearish divergence formed. If we didn't get a valid breakout of this downtrend line, we may expect the price to reach the last low or may be even new lows to be created.
H4 - As long as there is no confirmation for the opposite direction, we can look for short term sells with the breakout of the most recent uptrend line.
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