Sandeep_Gupta
Short

Elliott wave sell setup

FX:NZDJPY   New Zealand Dollar/Japanese Yen
285 2 4
Sell near 84.76. The five waves are completed and the A, B, C correction is due. This correction can be 61.8% or more of the previous five waves. The double top is forming and the third top is in pressure and indicating the breakdown downside.
tompower
2 years ago
that is a beautiful chart, and maybe me being such a bull its not working out for me.
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nice tripple top. expect retest of broken neckline and continuation to the downside.
Sell after retest is over and place stop right above the neckline around 86.5
I'd take first profits at 75.8 and the rest at around 69 +/- 1
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