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
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4 thoughts on “NZDJPY Daily activity ( 28 June , 2016 )”
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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?
Thanks Maryna very good point to observe.
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
Thanks Zelda , very good observation . I was caught in the wrong side of the trade .