NZDJPY - Short the bearish flag.

FX:NZDJPY   New Zealand Dollar / Japanese Yen
There's a lot on the charts.

- Firstly: Daily charts show a longer term wedge break out to the upside with no test of the broken resistance for support. Incidentally, this very support falls within the target of the bearish flag at 89.5 (rounded).
- H4 Charts, trend line is broken and price could now rally to retest the break out level, which is where we short.
- Trade (including the flag analysis) would be invalidated if price pushes above 92.31 (so placing a safer stop at 92.37).
- Fundamental risk: BoJ Mon. policy
Week 2:
Fx: 354Pips profits
Gold: 15 points loss

Week 3 (Last week's trades):
USDJPY: +290 Pips
AUDUSD: +72 Pips


The end!!!
+1 Reply
jangseohee justatrader
justatrader jangseohee
Exiting all trades now. Too much of rumors and CB surprises going around. Good luck.
+2 Reply
jangseohee justatrader
justatrader jangseohee
Except Nikkei of course :D
+1 Reply
IvanLabrie justatrader
And eurgbp...(now jinxed probably) xD
+1 Reply
IvanLabrie IvanLabrie
Btw, nice going! You'll recover from your loss in no time.
jangseohee IvanLabrie
justatrader IvanLabrie
I think spending a few Euros or Pounds to buy some coffee or even a nice drink seems better than being in the markets tomorrow. Lol!!!
+1 Reply
Oh yeah, 5 days ago when i posted this using a monthly chart, my short was triggered at 93.51
there were MACD divergence on daily chart
+1 Reply
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