With stronger JPY lately (esp after last Friday's US strike in Syria) together with another risk-haven gold, and no signs of recovery yet for NZD, this pair is more likely to continue being bearish. I've setup a higher stop order in MT4, and a late but more conservative version here in tradingview, few pips below current period's S1 pivot line, with TPs at S2 and S3 respectively, and SL near base pivot line.
www.dailyfx.com/fore...S-Strikes-Syria.html
seekingalpha.com/art...trade-make-right-now
www.dailyfx.com/fore...d-Resumes-WEgsi.html
D:
W:
Confidence: B (though sentiment, fundamentals and technicals are aligned, there's a possibility of a recovery/reversal soon since most hedge funds are betting a weaker yen in the long-run, and if AUD recovers again sooner, NZD might follow suit)
www.dailyfx.com/fore...S-Strikes-Syria.html
seekingalpha.com/art...trade-make-right-now
www.dailyfx.com/fore...d-Resumes-WEgsi.html
D:
W:
Confidence: B (though sentiment, fundamentals and technicals are aligned, there's a possibility of a recovery/reversal soon since most hedge funds are betting a weaker yen in the long-run, and if AUD recovers again sooner, NZD might follow suit)
Trade geschlossen: Ziel wurde erreicht:
Thankfully TP1 was hit before reversing for good.
Ähnliche Ideen
CHFJPY Bearish
aiza_belle
about CHFJPY
www.dailyfx.com...mon-Ground.html?DFXfeeds=f...
Since NZD is still weak regardless, waiting for a hit in TP1 at least.