TradingView
Andre_Cardoso
14 de Fev de 2016 02:53

(Daily) New impulse // Shark // How to get there // IF=THEN ® Viés de baixa

FX:NZDJPY1D
New Zealand Dollar/Japanese YenFXCM

Descrição

⋅
FX:NZDJPY

Potential ABCD pattern that can complete the weekly correction as a major ABC correction;

If so, I expect a bullish move ending around the weekly and monthly resistance @83.352$, forging an eventual Bearish Shark Pattern.

Taking the default ratios of a 5 waves impulse this is how it look. Just a guess.

For now, we have an ABCD pattern (cluster as target)

SHARK:
Point B:
61.8% XA
Point C:
113% to 161% AB
Point D:
161% to 224% BC
88.6% to 113% XC
Target:
38.2% to 100% CD

Safe Trades;

Comentário

⋅
Target the cluster

Comentário

⋅
Respecting Support and Resistance levels
NZDJPYnzdjpyshortHarmonic PatternsSharkBearish PatternsElliott Wave5waves
Comentários
aspmgobhozi
⋅
Since you posted a buy for CADJPY won't NZDJPY be a buy also are they not correlated? Still a newbie so asking as much as I can.
Andre_Cardoso
⋅
Each pair has its own structure, there is no such correlation between pairs. The dollar index makes things move, but only for news. Although it may seem that they are correlated, they are not ... :). Thanks for comment. And have a nice trading week, or learning week ;)

Mais