Nzdjpyshort
NZDJPY First Wave StretchesHello guys
We hadn't been for a while, but we came back strong
As we said before after completed wave 1 we need ABC and now we think we are completed wave 2 and ready to make the strongest wave of Elliott thats Wave 3 ( 3rd wave )
As you can see on chart we think we are making a first wave stretches and we have shortening the third and fifth waves
Active your stop loss wiht your own capital management and take profit
Good Luck
Abtin
NZD/JPY Ascending channel has been broken. $NZD $JPY $NZDJPY #FXNZD/JPY Price has been broken through the support line of ascending channel this could be great opportunity to open short positions. However there also could be a chance of bullish movement, because in 4H chart price is forming end of Ascending Triangle. Keep your Stop Loss close if you decide to go short.
NZDJPY approaching support, potential bounce! | 6 May 2020Price is approaching our first support in line with our 78.6% fibonacci retracement , swing low support and ascending trend line where we could see a further push up to our first resistance level . A break above our intermediate resistance would see a further push up to our first resistance level . Please also refer to the video analysis below for a step-by-step guide on how we got these levels. Cheers!
NZDJPY approaching support, potential bounce! | 6 May 2020Price is approaching our first support in line with our 78.6% fibonacci retracement, swing low support and ascending trend line where we could see a further push up to our first resistance level. A break above our intermediate resistance would see a further push up to our first resistance level. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too. Cheers!