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dzintars
Nov 2, 2015 1:28 PM

short opportunity for NZDJPY Short

New Zealand Dollar/Japanese YenFXCM

Description

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
Comments
Olu
Looking good. A H&S might be forming too
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