NZDJPY - short at Daily (symmetry wave rule)
Look left, finding a rule wave for Entry.
There are 2 Zone for Sell:
1. The Group wave Weekly (I)(II)(III)... is at the 'Wave (III) to Wave (IV).
2. The Group wave Daily I, II, III.. is at the Wave V to VI. I want to sell in the zone of this group (price is from 75.537 to 76.362).
When NZDJPY reached The zone for Sell and down (break trendline at the Smaller timeframe).
Therefore, I predict he will drop again.
* Entry 1: Sell now
Target 1 is at 73.841.
Target 2 is at 73.167.
Stoploss is at above the Wave VI 20 bibs 76.363+.0.200 = 76.563
* Entry 2: Sell limited at 76.362
Stop loss is at 77.167 + 0.20 = 77.367
Target is the Same.
There are 2 Zone for Sell:
1. The Group wave Weekly (I)(II)(III)... is at the 'Wave (III) to Wave (IV).
2. The Group wave Daily I, II, III.. is at the Wave V to VI. I want to sell in the zone of this group (price is from 75.537 to 76.362).
When NZDJPY reached The zone for Sell and down (break trendline at the Smaller timeframe).
Therefore, I predict he will drop again.
* Entry 1: Sell now
Target 1 is at 73.841.
Target 2 is at 73.167.
Stoploss is at above the Wave VI 20 bibs 76.363+.0.200 = 76.563
* Entry 2: Sell limited at 76.362
Stop loss is at 77.167 + 0.20 = 77.367
Target is the Same.
Trade closed: target reached
target 1 reached 75 bibs profit. Move stop loss at Entry (0)Trade closed: target reached
tp2 reached
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Related publications
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.