Super risky trade against the trend I tp my long trades at 55 i think price is going to retest 55.
Important resistance cluster of fibs and pivots and it's also neckline
Currently we are at resistance if we break we can look for long up to blue resistance zone but given that we are at resistance we can also look for continuation of a longer trend
With Abe -0.34% win BoJ will likely continue their loose monetary policy NZD is much weaker than AUD therefore i would prefer AUD however it does look like god risk reward trade
With Abe -0.34% win BoJ will likely continue their loose monetary policy
With Abe win BoJ will likely continue their loose monetary policy on the other side we have BoE which actively talks about rate increase because inflation is above 2.5 % however this is do to sharp devaluation of GBP after Brexit and not because of economic growth which basically translates to 2 maybe 3 rate hikes in next 2 years
Big support area price could bounce, however if we break beloved i would suggest waiting for a close on at least 1 h candle and then hopefully get retracement.
Be careful over the weekend Japan has important elections At the moment trade is still a risky however, if we break and close above monthly Pivot we can look for a higher probability trade setup
Hopefully resistance holds however we have to be mindful of Japan elections en.wikipedia.org
Price is at resistance if we get a reversal on a lower time frame we can enter long with stops below 49