Short at the end of Wave 4

9 Haz 2019

NZDJPY has completed waves 1, 2, and 3 in its descent from 75.954. Wave 4 is forming and expected to retrace up to Fibo lvl 38.2 of Wave 3 (72.695). A short entry from there is possible with targets set at inverse Fibo levels 100, 123.6, and 161.8 of Wave 4 as shown on the chart.

Happy Trading