Monday, June 9, 2014

NzdYen Outlook

This pair if forming clear wave patterns. we recently have a bullish retracement which could be the end of Wave-4. 

The speculated end of Wave-4, which is supported by a strong resistance formed by the confluence of horizontal and diagonal trendlines, should make us prepare for southern move below the low of wave -3. 

We can take profits at different prices if the bearish move is actualized.

The Analytic Chart below speaks what I have in mind better.

Please let me know if this blog has been helping someone by your comments  and you can also contact me if you need a trading partner,mentor or fund manager

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Phone no: (234)08134820569

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