Timing is key

NZD/JPY60 Measured Move to 91.65

FX:NZDJPY   New Zealand Dollar/Japanese Yen
171 3 3
Hello all,

Today's idea demonstrates multiple confluences using Median lines & Parallels to locate a possible P5 reversal candle. You will also notice we have a Large & Small P5 count coming in together as well as the bounce off the 76.4% fib retracement. We have also retested the lower parallel and now we are breaching the pink upper parallel. I am looking for an entry on a retest of the yellow lower parallel. Let's see how this one unfolds.


2 years ago
hi Timing is key,
In 2H time frame, I found a corrective wave which is forming a triangle. I drew a modified shiff pitchfork for this triangle and found that the triangle bottom inline with lower parallel line. Price also reach 76.4% fibo level and approaching 61.8% level. I am looking for a bear signal. This is my very junior analysis and against with yours, hope you enjoy it with thanks!

Timing is key URIFX
2 years ago