NZDJPY: Playing catch up

FX:NZDJPY   New Zealand Dollar / Japanese Yen
NZDJPY             seems to be lagging AUDJPY             , I'll be taking a short if it slides under today's low.
The resistance to the left is pretty obvious.
Let's see how it goes.


Ivan Labrie
Time at Mode FX
Trade closed manually: Got out for 0.37%.
Comment: Nzdjpy turned bull...broke resistance, expanded range and also has a new high in rgmov (44 bar high).
Seems its starting the correction...........
IvanLabrie FullTimeTrader
I see a range expansion down bar in 1h, yes. I still don't feel like shorting it now.
where could we put SL
thank you even if i don't understand you chart hh :D ,cause I'm a noob :D
Sorry, I tend to make my charts a bit complex to the untrained eye.
The stop is above today's high, and we want to short under yesterday's low.
If not filled, we would be shorting under today's low after the close, and placing the stop above the highest high.
I think there won't be a new high though, so it should start falling soon.
Hiisham IvanLabrie
lol,In fact you are success,i see the char,very hard :)


Adjusted SL.
18:45 6h 12m NZ NZD Consumer Price Index (YoY) (Q3) 3 0.3% 0.3%
18:45 6h 12m NZ NZD Consumer Price Index (QoQ) (Q3) 2 0.2% 0.4%
20:50 8h 17m JP JPY Foreign investment in Japan stocks (Oct 9) 2 ¥-177.3B
20:50 8h 17m JP JPY Foreign bond investment (Oct 9) 2 ¥-1,261.5B

This should take care of my short.
Also, you can short NZDUSD but I'd rather not go long USD in any shape or way.
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