riffster21
Short

NZDJPY - Possible Long Term Trend Reversal

FX:NZDJPY   Neuseeländischer Dollar / Japanischer Yen
Hi guys,

I mentioned this trade in my Twitter feed last week, but forgot to post here. There are lots of trend lines to support a trend reversal here, but this post is for our Currency Barometer users. We can use the Short Term Barometer (use the 8 minute interval) to time an entry for the trade like this. Trend reversals are usually bouncy and give us more than one chance to enter. Today we got a nice impulse to the upside and the Short Term Barometer gave us a clean entry. Remember, similar to an RSI or CCI , the 80 & 20 levels indicate an over-extension.

I usually open a currency (in this example the NZD) and then cycle through the time frames to see where it is bouncing the 'cleanest' off of 80 and 20. Then I make a note for that currency because that interval will hold true for months at a time. Hopefully that makes sense?

I was a little slow posting this, but you see the 80 level reached and rejected on the chart below:


I've been told this type of trading will be covered in detail via the new 4X Global live trading sessions. Stay tuned :D
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden