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nikitafx
Nov 1, 2014 4:19 PM

NZD/JPY Diamond Formation (Nikita FX ) Long

New Zealand Dollar/Japanese YenFXCM

Description

Comparing with AUD/JPY's bullishness, NZD/JPY is little bit different.
Because NZD/USD is still condolidating downward....(AUD/USD made its Diamond bottom Formation)

Therefore NZD/JPY's Diamond Formation is assumed like this. (I would say it is not an IH&S)
Breakout point of Diamond right upper line was 86.05.

target: 86.05 + 351 pips=89.56

So I think NZD/JPY will have a quartet Top Formation at 89 middle area.....

Nikita FX (climbingfx.jugem.jp/ )
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