Elliot Wave Forming, 5th leg to come?

FX:NZDJPY   New Zealand Dollar / Japanese Yen
What appear to be the 4th leg of an elliot wave is forming and might bounce off the resistance established 4 times since start of March, I'm setting a sell stop just above the last reversal and my stop loss between the last reversal and where I expect the 4th leg to bounce.

Edit : Plus the Resistance level is the same as level 0.382 of the Fibonacci retracement of leg 4

PS : Sorry if this idea isn't perfect that's the first I publish
Trade closed: stop reached: Well, that didn't go quite as planned, in a matter of an hour my sell stop and my stop loss have been both triggered, I waited for the market to test the resistance level at 74.997 to see if my idea was still holding and it didn't.

Now I'm sad :(
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out