I just short the nzdjpy pair based on the previous structure, mainly becasue i see the price actions become weak at current level. and if we check the usdjpy, very potentially, the jpy will get stronger in the coming days, however, the nzd will be something different.
if we look back to the price 'journey' for this pair, which is from 76.00 level in November, i am convincend that it is not a reverse but a retrace. thus, if the trend continuation pattern is valid here, what i can expect is at least 1:3 risk reward trade.
let us see if this set up works....
success
RandR
if we look back to the price 'journey' for this pair, which is from 76.00 level in November, i am convincend that it is not a reverse but a retrace. thus, if the trend continuation pattern is valid here, what i can expect is at least 1:3 risk reward trade.
let us see if this set up works....
success
RandR