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workingtraders
Apr 14, 2015 3:06 AM

$NZDJPY breaks daily uptrend. Short

New Zealand Dollar/Japanese YenFXCM

Description

Looking for a risk off market before entering this short.

Comments
jangseohee
workingtraders
China data might set this sell off. Watching tonight.
crossmxn
Hi, what do you mean by "looking for a risk off market"? Really nice and clean charts you make, congrats.
crossmxn
Also, what do you think about this
workingtraders
Risk-on risk-off refers to changes in investment activity in response to global economic patterns. Example Greece default. Investors flock to Yen as a safe haven currency.
IvanLabrie
Yes sir...look at the Nikkei, and the Yen. Maybe NZD is next?
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