NZD/JPY - In the middle of a storm cloud - We can still see -
Updated
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
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