NZDJPY has been in an uptrend in the Daily timeframe and has approached towards resistance. Currently awaiting breakout, retest and a reversal signal for a low risk entry
The NZDCAD has been in a downtrend for the past weeks.
It just retraced to 78.6% Fib level and still falling
I am looking forward to shorting it from this point.
Apply risk management and follow your trading rules
Anything can happen!
Earlier this week, I sold the gbpjpy considering the shooting star candle I saw from W1 and the strong resistance and I was able to rip 170pips off the market. Now I guess it's about to make a reverse to the top. After forming a double bottom, it rallied up breaking previous resistance which turned support. If all things being equal, I'm buying after today's...