The Bars pattern you see is taken from Audchf. Just pointing out that I think AJ did a 5 wave up, then it did 3 waves (which looks like it is a 5 wave because it is breaking the low but it is very corrective and could just be about to go on a "C" wave.) That is the 200MA on weekly. (Refer to WTI crudes recent pattern for comparison on concept) It is in a downtrend trade at your own risk. The perfect entry would have been on the 1 hr flag last night. I can only post trades after the fact, I am busy with other stuff. Safer buy entry would be it does a small 5 wave on 30 min-1hr and then makes a 3 wave correction.
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Keep in mind NJ has more guarantee of upside coming
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...longer term