NZD.JPY - Daily & 1hr Short Opportunity Short

New Zealand Dollar/Japanese YenFXCM

Beschreibung

⋅ 13. Febr. 2018 22:24

Currency Pair: NZD.JPY
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Short

Live NZD.JPY updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Should my daily predicted direction be incorrect no trade opportunity will be generated.

Kommentar

⋅ 14. Febr. 2018 07:07

A consolidation period is now underway, i will be looking for additional deceleration back in towards 78.500

Kommentare

PLAYER_ONE

⋅ 14. Febr. 2018 06:38

Beware of the daily ascending trendline dating back to 20-11-2017 when going short

UnknownUnicorn180388

⋅ 14. Febr. 2018 07:05

@PLAYER_ONE, For me this would be a day trading position, i wouldn't be personally looking for additional extended targets.

PLAYER_ONE

⋅ 14. Febr. 2018 07:16

@tomhall, I meant that this trendline could act as resistance when executing your short position ;)

UnknownUnicorn180388

⋅ 14. Febr. 2018 07:22

@PLAYER_ONE, Ahh sorry, my mistake :-)

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