Dear Carry Traders,

We cannot really create and hold the long positions these days.  But hey, let’s keep trying.  That’s our job.

 

Looking at the Daily chart, still I believe buying this pair from the current level is not a bad idea.

2015-11-12_15-12-44-NZDJPY1

The price has been supported by MPP & 55EMA.  Stochastic really wants to go up from 25%.

 

So why not?  Let’s keep trying.

 

Below is H4 chart.

Currently the price came down to (almost) the resistance.   Looking at Stochastic, the price may drop a bit more?

2015-11-12_15-14-33-NZDJPY2

 

I think this is a good buying opportunity at 80.25 – 80.50 level.

If we look at M15 chart, it may be making the bottom?

2015-11-12_15-24-13NZDJPY3

Anyway, where to buy is your alpha (between 80.25 – 80.50).

 

Hope this setup helps you build your own.

 

 

YJ Baik – Forex.Today @ Tokyo

 

 

 

 

 

 

 

 

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