asiansupermarket
Long

NZDJPY Momentum up uP UP!

FX:NZDJPY   New Zealand Dollar/Japanese Yen
37 2 1
Looks like FX markets have given up on a rate hike from anybody. That means ride the momentum back up to pre-correction levels. Pick any investment vehicle you want and ride it for the day.

Note: I am not a momentum trader unless I see this kind of price action.
timwest PRO
a year ago
Great observation about "return to pre-rate-hike levels"...
+1 Reply
I should clarify since I didn't show much on the chart.

This is a momentum breakout play; we see the resistance from 81-83~ and I am making the assumption that this run upward will be able to accelerate through it. This chart/trade does not show the proper entry, I would wait for a retracement to effectively play it. I'll keep an eye open for the entry point.
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