Greeting fellow traders and the entire Tradingview community. This is a set-up which was on my mind for the last few days.
Thankfully, CPI data from the US propelled NZD/JPY to the level I was targeting in my mind.
Price has reached the previous high. So, do you think we should sell it? Ideally, we need to wait for a couple of bearish candles before pulling the sell trigger. But, as a lazy trader :P, I am too lazy to wait and do all the hard work.
So, I am just selling NZDJPY@90.12. Hopefully it falls now.
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Oh well, NJ slapping me in the face with those bullish impulses. But, hey, not giving up easily. Another sell active at 90.88
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Finally some respite. Booked 50 Pips profit on second sell position
do you think GDP news on Yen will influence? Personally i looked at the prediction. So I wait to go short after the GDP news. But great analysis.
YourLazyTrader
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@hugohoeksma, Yeah bro. But NJ keeps slapping me in the face now lol
foreignCoconut95286
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I'm stuck in a sell at 88.33 😞 it had bounced off of that level several times, and I put a sell order in, and it smashed right through it!!!! And then yesterday, it dropped real hard in one candle and then took off like a slingshot the next 😞
@YourLazyTrader nope, holding waiting for it to come back around
hugohoeksma
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well looking at the available info (predections) trading was a big risk. personally i always wait till after the news on any currency regarding consumer confidence, gdp or interest rates. they often completely go against technical analysis set ups.