NZD/JPY - In the middle of a storm cloud - We can still see -

17 sept. 2023

Hi Guys

I had some fun deciphering NZD/JPY - i have a strong bias to the UPSIDE

as we are RESTING on a weekly EMA and price ALSO is currently resting on daily(87.166)///0.786 (87.136) fib level

THINGS TO CONSIDER - the next weeks spike which might be into a 4 hourly support at 86.679 which also a fib level 0.786 is close by,

HIGH IMPACT NEWS on the 20TH SEPTEMBER - which is more than likely will be the STOP HUNT to the downside before going up

Its best to see how the market opens tonight , if we gap to the down side, i will strongly consider buying back into the gap and maybe holding it all the way 88.000

if we dont gap down, then i will go into the intraday time frames tomorrow to get a nice positon


what are your thoughts?

thanks :)

19 sept. 2023

Transaction en cours

taken 70% profits, moved stops to break even

20 sept. 2023

Trade fermée manuellement

was 1pip from take profit - closed

great trade guys