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NZD/JPY DAILY – Long

by Sia B, June 12, 2021

NZD/JPY D1 Elliott Wave Theory

by Beng Wai June 12, 2021

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NZD/JPY

|

Long

|

D1

Timeframe:

D1

Analysis Method:

Elliott Wave Theory

Analysis:

Visible Leading Diagonal (Subwave A?) currently retracing towards reasonable levels for a Long opportunity.

Hard to say how deep it could retrace, but has a clear invalidation level.

Trade Plan:

Current setup shown could potentially generate +1.82R

Risk Management:

0.4 – 0.5%

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