Timing is key
Long

NZD/JPY60 Measured Move to 91.65

FX:NZDJPY   New Zealand Dollar/Japanese Yen
170 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.

Sincerely,

TIK
URIFX
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!

snapshot
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Timing is key URIFX
2 years ago
Correct, Re-test the backside of upper parallel, excellent shorting opportunity. I have already gone to B/E and waiting for the breakout and Pullback entry.... Let's see if market appreciates our analysis:)
Note: The last major swing low was broken indicating to me the bears are gaining control.

Sincerely,

TIK
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