justatrader
Short

NZDJPY - Short the bearish flag.

FX:NZDJPY   New Zealand Dollar/Japanese Yen
532 13 7
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
Professional market analyst with a keen interest on futures. Love keeping an eye on the markets. Currencies, bonds, commodities. Combining technical analysis and the fundamentals. Contact me for more details.
jangseohee
2 years ago
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
NZDJPY
+1 Reply
justatrader PRO jangseohee
2 years ago
I did take a short last week which triggered TP as expected. So going for a second round of shorts. Same story with USDJPY which I just published. last week's short trade was done with and expecting to do the same this week again.
+1 Reply
jangseohee justatrader
2 years ago
Seems like Yen is getting strong on all JPY pair huh
FXY, could Yen trust make a comeback?
Reply
justatrader PRO jangseohee
2 years ago
Look at the price action for the last two days... What do you call that.. a morning star or island reversal...
Reply
The end!!!
+1 Reply
jangseohee justatrader
2 years ago
wohoo
Reply
justatrader PRO jangseohee
2 years ago
Exiting all trades now. Too much of rumors and CB surprises going around. Good luck.
+2 Reply
jangseohee justatrader
2 years ago
snapshot
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justatrader PRO jangseohee
2 years ago
Except Nikkei of course :D
+1 Reply
IvanLabrie PRO justatrader
2 years ago
And eurgbp...(now jinxed probably) xD
+1 Reply
IvanLabrie PRO IvanLabrie
2 years ago
Btw, nice going! You'll recover from your loss in no time.
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jangseohee IvanLabrie
2 years ago
who?
Reply
justatrader PRO IvanLabrie
2 years ago
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
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