Hedge Usd/Jpy Waves, Nzd/Jpy, 30 min

FX:NZDJPY   New Zealand Dollar/Japanese Yen
Here i have an opposite wave theory for the jpy pairs that I will be using to hedge the usd jpy pair. Once again sorry it is short and sweet , just trying to fire one off before bed.

Entry at point 5 , limit at point 3 and stop making the trade 2:1 risk reward due to a lack of structure. thanks for checking this out , like comment and follow me for more trades. and as always, good Trading everyone
Hi Kylan, on this particular chart, why do you think the red waves were more accurate than the black waves?
+1 Reply
i don't think they were more accurate, i see a reversal candle a A on the black trend line , I believe that is enough retracement to be a corrective wave. I don't think the bad yen market played a factor, because as the cash flowed back into their stock market after the 500+ point crash early in the week., causing the currency to lose a little value , it wasn't a structural thing in my opinion, it had more to do with world markets.
+1 Reply
Kylan_Laymance Kylan_Laymance
i'm sorry i mean't i do think the bad yen market played a factor
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