NZDJPY Long

19 Oca 2021

Nice expanding flag. Wait for price to reach the 78-88%. price should be in ABC corrective phase. It should be in wave C. If the ABC correct will reverse with this pattern it likes to reach the 78-88% and sometimes 100% or slightly more then reverse. For extra confirmation be very patient and wait for the W/double bottom to form or an inverse head and shoulders. The W/inverse should be proportional to the flag pattern. Avoid taking tiny reversal patterns.