NZDJPY - A Massive Trade. Do NOT Miss!
NZDJPY is at the final stages of the ending diagonal. The move we're about to see will be a MONSTER move. We are looking at a potential 1500pip move to the downside... atleast!
We are currently in an ending diagonal, made up of 5 waves consisting of 3 subwaves each. We are in 5th wave now, subwave C and looking for a reversal very soon.
Trade Idea:
- Watch for reversal price action on lower timeframe
- This can be trendline breaks, BOS etc.
- Once entered, SL should go above the highs
- Targets: 89.5 (600pips), 85 (1100pips), 81 (1500pips)
We have an upper limit of wave 5 at 98.5 so the closer we get to that, the better it is. However, we are not anticipating price to go that high.
What do you guys think?
Goodluck and as always, trade safe!
We are currently in an ending diagonal, made up of 5 waves consisting of 3 subwaves each. We are in 5th wave now, subwave C and looking for a reversal very soon.
Trade Idea:
- Watch for reversal price action on lower timeframe
- This can be trendline breaks, BOS etc.
- Once entered, SL should go above the highs
- Targets: 89.5 (600pips), 85 (1100pips), 81 (1500pips)
We have an upper limit of wave 5 at 98.5 so the closer we get to that, the better it is. However, we are not anticipating price to go that high.
What do you guys think?
Goodluck and as always, trade safe!
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