nzdyen for the lazy weekly trader.
With the invalidation of 2 key price levels @ 77.721 and 79.43 nzdjpy has piqued RT's interest for the long side.
The pair has seemed to create a higher low at 79.55 despite a 12 week down move.
Better days ahead
Will review again upon hitting intermittent targets at 80.4 and 82.6.
This is after all an uptrend in a range.
The pair has seemed to create a higher low at 79.55 despite a 12 week down move.
Better days ahead
Will review again upon hitting intermittent targets at 80.4 and 82.6.
This is after all an uptrend in a range.
Comment:
First target hit at 80.40.
Comment:
Nzdjpy invalidated the "double top at 80.635 on the one hour. Uptrend continues
Comment:
Nzdjpy finally broken out of the range it was stuck in between 80.55 and 80.76 on the hourly chart. Bullish
Comment:
After making a high at 81.10, the nzdjpy has been consolidating its gains around the 80.10 and 81 region. The weekly chart looks intact and still on the way up and given the slight hawkish bias of the RBNZ during their monetary meeting, Revelation Trading maintains their bullish bias for the pair and recommends moving the trailing stop to 80.10
Comment:
Started the new week making a new high at 81.43.
Comment:
Another new high at 81.68 this morning and thus have decided to trail the remaining position to 80.80
Comment:
A new high made at 81.90 today and in lieu of the volatility Revelation Trading has decided to trail the stop upwards to 81.20
Comment:
Decided to tighten and trail the position to 81.80
Trade closed manually:
trade closed. Trailing stop hit.
Upward momentum continues.