In my last chart I analyzed the profile chart in the weekly. In this installment I depict the interesting levels to monitor in the daily chart . We have a weekly downtrend expiring on Friday, this is bullish for this pair since it implies that it's possible to retest the mode from where the 10 week downtrend launched, at 124.221. If we manage to move above...
NZDJPY had a potential short setup under resistance but it's proven to a very strong advance so far. I'd like to see price move and close above the new 8 bar mode that it has built higher, and eventually signal a time at mode trend trade. The risk/reward of said long would be optimal if price manages to climb above the resistance, and validates the weekly...
In my previous idea I located the key levels on chart, and was biased towards a short. Recently, it started being obvious that the Yen was weakening, so I decided to go long GBPJPY. I still think the dollar will remain weak for the rest of the year, possibly until June 2016, nothing has changed, but the Nikkei is implying that it will rally asap. Tim West's...