DanV
Short

NZDJPY's - Weakness could be an excellent short trade

FX:NZDJPY   New Zealand Dollar/Japanese Yen
535 2 9
From my earlier published chart of CADCHF             was suggesting commodity currencies are exhibiting weakness. NZDJPY             could be another example and an excellent configuration for hunting a short trade which as potential to drop back to 70 zone in due course if not lower.

Also that this is a weekly chart so it getting a good entry and suitable position size would be very important to allow for natural volatility.cad

Remember always that this is my interpretation of rice action. So do you own analysis for any trades you plan.

Related Ideas

magarto
2 years ago
Agree
Reply
dionvuletich
2 years ago
I am looking at it similarly but it would have the same shorting zone ~88.6 retrace on the quarterly chart
Absolutely agree 100%!
Reply
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