FX:NZDJPY   New Zealand Dollar / Japanese Yen
5797 9 202
Hi Guys, this looks like a nice short term trade. Expecting it to retest the low as a C wave in an ABC pattern.
Please remember these setup are for those who already have a tested winning strategy to trade them , if you don't have one then you might reconsider trading until you have the necessary knowledge. Trading is NOT A GUESS game, It requires knowledge, skills, experince and Capital. Some traders believe knowledge is not important, all you need, is to see two or three things in the chart and BINGO!! YOU ARE THE WINNER. Well you might want to take 100 of SUCH CHART and see how they went! NOT KNOWING is ignorance and I am yet to meet any successful trader who have been trading out of ignorance! Educate yourself it is the way to success!
In my last webinar I advice all NEW trader to start at babypips.com and more advance traders to read "The Elliot wave principles" and when you are EDUCATED enough to become a fulltime trader find a good trainer/coach/mentor someone who will share knowledge and experince with you and will giude and advice you, will be there for you in your entire career. The most experince CEO's have advisers and the most successful athletes have trainers.

Trade with care
Thank you for your support.
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Breakout completed! Trade active anil?

Thanks!
+3 Reply
hi
what can i do to undrestand you
thanks
Reply
Great advise, Anil. Thanks for sharing.
Reply

I've a slightly different view for both bullish and bearish scenario. Seems like a zig zag correction lower from the recent high but I'll trade what I see. I like to see a flag correction on lower time frames for a potential intra day buy.
Thanks for sharing!
Reply
I like your analogy about trainers
Thank you for the piece of advise
+2 Reply
Thanks
Reply
love the advice Anil
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it may retest 75.500?
Reply
Yes I agree 100%
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