Kylan_Laymance
Long

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
Elliott Moore
2 years ago
Hi Kylan, on this particular chart, why do you think the red waves were more accurate than the black waves?
+1 Reply
Kylan_Laymance
2 years ago
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
2 years ago
i'm sorry i mean't i do think the bad yen market played a factor
+1 Reply
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