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FahimLatif
Jul 8, 2019 6:20 PM

NZDJPY 5th Elliot Wave Long

New Zealand Dollar/Japanese YenFXCM

Description

Bought NJ since the beginning of the 2nd wave which was a very successful long trade shooting from a major support. The ABCD retracement indicates us there is a 5th wave coming after the breakout of the bullish flag.
In theory, the wave should reach the 1.272 Fib extension, 73.60, but I'm keeping my first target at the same level as the last high, 72.95.
Comments
transparent-fx
I broke down nzdjpy as well, this is my overall TA on it
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