dzintars

short opportunity for NZDJPY

Short
dzintars Updated   
FX:NZDJPY   New Zealand Dollar / Japanese Yen
I do my analysis using Elliott wave strategy.

According my analysis we now are in fifth wave of cycle started in 2009:

But looking in shorter time frame we now on wave 2 of wave 5.
Also MACD shows convergence between high of wave 1 and last high, so i think that now we have entered wave C of wave 2.
Comment:
Move SL to 0.81000
Trade active:
Trade is still active. Only move SL above 0,8100 or to BE

Trade closed: stop reached:
Closed with profit
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.