Rykin_Capital

JPYNZD sinking to new lows.

Short
FX_IDC:JPYNZD   JAPANESE YEN / NEW ZEALAND DOLLAR
Pretty much the same picture, as with CAD, AUD, JPYNZD is another longterm sinker, but it does not appear that there is even a X Wave to save it. I have outlined Fibonacci goals in purple, invalidation is in red if shown. This is a hobby to share my ideas with you, so do not take anything I ever say for financial advice. I suggest you learn Elliot Waves and TA by yourself. In my experience Elliott Waves in combination with Fibonacci Retracements/Projections/Time and a momentum indicator of some kind gives results I am ultimately extremely happy with.
Trade closed: target reached: All targets reached by 8/1