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Pip.Gawd

Long Signal - 7/28/16 - Possible AB=CD pattern

Long
New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
Pip.Gawd Updated   
FX:NZDJPY   New Zealand Dollar / Japanese Yen
yellowbrickroad
4
0
yellowbrickroad
We see that the pair has retraced down to the .618 Fib and bounced. This gives a strong indication that the pair has some more upside potential. Looking for a 400+ pip move from start to finish.
Trade active:
Trade active:
Comment:
We are looking at a possible wedge forming on this pair. Also, the pair is sitting on the .618 Fib. Strong Support in this area indicated by the Red Dotted Line.
snapshot
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