Hello,
I will be looking for short opportunities on NZD/JPY, trading a potential pullback towards 78.50 from the weekly.
I need a bit of a better price to enter. Let's see how this develops.
From a bigger time frame perspective it seems like this pair has been moving inside a range for a long time. But in 2017 we can see two higher lows followed by break below but quick return inside.
So, from my perspective this has more upside potential but I'm now focusing just on the pullback stuff.
Good luck :)
I will be looking for short opportunities on NZD/JPY, trading a potential pullback towards 78.50 from the weekly.
I need a bit of a better price to enter. Let's see how this develops.
From a bigger time frame perspective it seems like this pair has been moving inside a range for a long time. But in 2017 we can see two higher lows followed by break below but quick return inside.
So, from my perspective this has more upside potential but I'm now focusing just on the pullback stuff.
Good luck :)
Note
Weekly outlook:Note
The price didn't perform as anticipated.Just entered long on this pair with targets around the highs.
Note
Closed this one breakeven too. It went into a decent profit but it seems like it's not willing to reach the highs as I pointed as target zones.
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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.