4 Solid reasons to short to NZDJPY right now.
1. Structure (red dotted line)
2. 4/1 Gann Line (2nd toughest resistance)
3. 50% retracement reached of last week's move smack dab at the 4h 100 SMMA
3. RSI
If this holds I'm carrying the short till next week. Stop placed at 76.2
2. 4/1 Gann Line (2nd toughest resistance)
3. 50% retracement reached of last week's move smack dab at the 4h 100 SMMA
3. RSI
If this holds I'm carrying the short till next week. Stop placed at 76.2
Comment:
went ahead and took some tp at the at the 3/1 intersection. always the possibility of an upward trend continuation.
Comment:
nailed aprx 100 pips during low volume ASIAN session, and the drop continues. You like that !@#T!!?
Comment:
4h closing behind the 4/1, but a close below the .382 will help solidify more downward movement