NZDJPY, Massive Triangle-Breakout, Pointing to Target-Zones!

Hello There!

Welcome to my new analysis of NZDJPY. In recent times it has to be mentioned that there are only a few forex pair setups that have such a bullish potential as I have spotted it with NZDJPY. This is why I detected all the important price actions, underlying dynamics, and upcoming perspectives that should be primarily considered with NZDJPY. In fact, NZDJPY already emerged with a main entry setup however the reward potential is likely to increase once NZDJPY completes the whole formation.

The chart price-action is forming this important ascending triangle formation in which NZDJPY has the coherent wave count that is about to be completed within the upcoming times. Furthermore, NZDJPY has the main ascending trend line supports within the boundaries. The fact that NZDJPY is already building a breakout attempt with a bull flag on the local structures is increasing the scenario determination of the final breakout to emerge within the upcoming times.

Once NZDJPY has formed the final ascending triangle breakout above the upper boundary this is going to point to the expansion origin and is going to activate two main target zones within the whole development, the first target zone is within the 93.5 area and the second target zone is within the 97.5 area. When NZDJPY continues with the established dynamics from there on it also has the further ability to bounce into a new all-time high direction above these zones.

Thank you everybody for watching my idea about NZDJPY. Support from your side is greatly appreciated.
"Don't look for the needle in the haystack. Just trade the haystack!"

VP

Comment:

UPDATE: NZDJPY accelerated the local bullish breakout conditions, reached initial target zones, and is setting up the next wave breakout.

Comment:

UPDATE: NZDJPY is aiming for the final ascending triangle upper boundary breakout to emerge in the next times.

NZDJPY is going to activate the main target zones according to the final breakout.