NZD/JPY - In the middle of a storm cloud - We can still see -
Hi Guys
I had some fun deciphering NZD/JPY - i have a strong bias to the UPSIDE
as we are RESTING on a weekly EMA and price ALSO is currently resting on daily(87.166)///0.786 (87.136) fib level
THINGS TO CONSIDER - the next weeks spike which might be into a 4 hourly support at 86.679 which also a fib level 0.786 is close by,
HIGH IMPACT NEWS on the 20TH SEPTEMBER - which is more than likely will be the STOP HUNT to the downside before going up
Its best to see how the market opens tonight , if we gap to the down side, i will strongly consider buying back into the gap and maybe holding it all the way 88.000
if we dont gap down, then i will go into the intraday time frames tomorrow to get a nice positon
what are your thoughts?
thanks :)
I had some fun deciphering NZD/JPY - i have a strong bias to the UPSIDE
as we are RESTING on a weekly EMA and price ALSO is currently resting on daily(87.166)///0.786 (87.136) fib level
THINGS TO CONSIDER - the next weeks spike which might be into a 4 hourly support at 86.679 which also a fib level 0.786 is close by,
HIGH IMPACT NEWS on the 20TH SEPTEMBER - which is more than likely will be the STOP HUNT to the downside before going up
Its best to see how the market opens tonight , if we gap to the down side, i will strongly consider buying back into the gap and maybe holding it all the way 88.000
if we dont gap down, then i will go into the intraday time frames tomorrow to get a nice positon
what are your thoughts?
thanks :)
Trade active
taken 70% profits, moved stops to break evenTrade closed manually
was 1pip from take profit - closedgreat trade guys
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.
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.