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tupaitrader
Oct 1, 2015 8:59 AM

NZDJPY in correction Short

New Zealand Dollar/Japanese YenFXCM

Description

my elliot wave and price action analysis shows that the price of nzdjpy are in correction.waiting for rejection at the upper trendline will be the best desicion to go short for this pair.

the zizzag pattern seem to be complete and seem like to end at the uppred trendline.the rsi condition seem to be overbought condition.my target will be the support area at level 75.50 and target 2 will be at the area of 74.60

good luck!!
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