Marsho263

Correction fourth wave. TP at .618 fib then long

Marsho263 Updated   
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Quick short, 4th corrective wave in a diverging triangle, clearly extended. TP where it doesn't violate price territory of wave 1 termination in main trend otherwise it invalidates the count. end of wave at support zone for going long for the motive fifth wave. Slow market, easy pips!
Trade closed: target reached:
Now we can stalk this pair for going long to ride wave 5. Use wave 1 to 3 for fib extension to target TP of wave 5.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.