Probe: LONG NZDJPY

TSY Group:

Reason for LONG:
Weekly Support
Bollinger Support

Price in consolidation phase; volume increased in upside
Target placed at 38.2% fibo retracement.

Stop Loss at below the consolidation level.

Comment:

1st Profit Target Hit.

Re entry 4H #5 Elliot wave
Re entry LONG @ 71.57 (38.2%)
Re entry LONG @ 71.36 (50%)
Re entry LONG @ 71.15 (61.8)

Comment:

Pending Order Placed to re-enter into Market

Re entry 4H #5 Elliot wave
Re entry LONG @ 71.60(38.2%)
Re entry LONG @ 71.40 (50%)
Re entry LONG @ 71.20 (61.8)

Target @ 73.50


Reason to Trade:

Trade active:

Market is breaking the important trendline in daily chart; if it breaks forcefully, market is confirmed in the 2nd phase; retracing back to upside before continuing the downside trend