Now that the kiwi got stronger, NZDJPY got into currently one of the strongest trends, at least temporarily. As price returns to the pitchforks' junction I think new buying opportunities should show up. Worth keeping an eye on this market next to the November fx leader - USDJPY. The chart presents three forks drawn with the same method: Modified Schiffs with inverted B and C pivots - it is a method I have found to be useful, when trends are particularly strong, uncanny or unwieldy and regular pitchforks fail to explain price action. Like it or not, this pair has been following such forks recently and it's now exhibiting a particular exuberance. The 91 level is in sight and it doesn't seem to be much of a challenge to this market.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
