After pair hit the first target, it will probably gives us another selling oportunitty,
Low risk selling opportunity on AUDJPY, since all AUDs turn bearish.
Updating my chart. Yes it follows the pattern. Correlation pairs tend to cross each other
Updating my last post. They are moving towards each other
Updating my chart with these two corelated pairs. Notice that when one is bullish the other is bearish. They produce a mirror like chart. They move within a channel (blue lines) and they always cross each other.
These are two correlated pairs. EURUSD and USDCHF, when one goes up the other goes down. They tend to cross each other. So we havwe a Bullish EURUSD and a Bearish USDCHF.
Many signs say the same story. It is time for the bulls to take over
Keep going higher and higher, when EURUSD turns bullish, this will give it another boost.
Risk Reward ratio on this setup is 4.54. I think it's worth a try to enter long for now.
My Heiken Ashi indicator gives a short signal today for NZDUSD