After a big move , market is calm and side way in the last 24 hours for NZDJPY Yesterday ranges 150 pips the trend is still down Bear in control.
BEAR [email protected] 71.50 SL 72.00 TP 70.75

20160628-NZDJPY-4H

20160628-NZDJPY-1H

4 thoughts on “NZDJPY Daily activity ( 28 June , 2016 )”

  1. Maryna says:

    Hi Daniel, I like you tradeplan, but don’t you think there will be a retracement up first as traders need to make up losses from Brexit?

    1. Daniel Chan - Forex.Today says:

      Thanks Maryna very good point to observe.

  2. Zelda says:

    Hi Daniel,
    it is now 09h00 GMT. On the 4h, with the value of hindsight, the current candle has pushed through the DR1/MM1 and at last Fib 61,8. If it doesn’t reverse now with a bearish candle on the next 4h candle, I think it will maybe go up to the confluence area of pivots at the WPP (which is also previous Fib of 50%) or either still higher to DR3 at 73.87(previous Fib of 61.8) before continuing with downside trend.
    Thanks for the chart. Any thoughts on the AUDJPY. I will post my charts for this now.
    Regards
    Zelda

    1. Daniel Chan - Forex.Today says:

      Thanks Zelda , very good observation . I was caught in the wrong side of the trade .

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