NZDJPY Elliott Wave Correction Before Strong Bullish ContinuatioNew Zealand Dollar vs. Japanese YenFX:NZDJPYBitcoinprofitableFrom the NZDJPY 1H chart, the market structure shows a completed impulsive move labeled as wave (iii), followed by the beginning of a corrective phase forming wave (iv). The prior uptrend is strong and impulsive, confirming bullish momentum. The current price action suggests a corrective ABC pattern, where wave A has already pushed downward sharply, wave B is forming a temporary retracement upward, and wave C is expected to complete the correction before the next bullish leg. The projected path indicates that after completing wave (iv), the market is likely to continue higher into wave (v), targeting the resistance zone around 95.60. This aligns with Elliott Wave theory, where wave (iv) typically retraces 38.2%–50% of wave (iii) before continuation. Entry & Exit Strategy Buy Setup (Preferred Trend Direction): Entry: Around 94.20 – 94.40 (end of wave C completion) Stop Loss: Below 94.00 Take Profit: 95.50 – 95.60 (wave v target) Sell Setup (Short-Term Correction): Entry: Near 95.00 – 95.20 (wave B resistance) Stop Loss: Above 95.40 Take Profit: 94.20 area (wave C target) Overall, traders should focus on buying after correction completion, as the dominant trend remains bullish.