On the verge of break of HTL and VTL on 2H timeframe.
A short high probability sprint available for NZDJPY between 80.690 (buying SL) to 80.790 as 1st TP
SL as per risk appetite, first small logical SL would be below 80.3.
Trail SL as we move ahead.
EURNZD is in the last correction wave, waiting for rejection on support around 1.71750 which is also a 0.618 fibo level.
first TP will be the next resistance around 1.73400 🏆
This is the weekly analysis of the Major Indexes.
From this analysis, we can form a high probability pairing of the currency pairs we should be trading.
This two are similar in their movement. Aussie maybe slightly stronger.
NOTE:Truths
-Traders will do the same thing over and over again.
-In trading, no one to blame and no one to question what price did.
-Price can break any low/High because anything can happen.
If you fully allign your thinking in line with the truth about the market then you will win.
As we see, NZD Currency Index (ZXY) is at its Resistance or SBR (Support Becomes Resistance). Though there is no confirmation to what does the NZD Currency Index going, prepare yourself as it is a WEEKLY SBR.
