What do you think about the NZDJPY?
Are you currently trading the NZDJPY? Because I’m thinking about longing it. There are two things that I like about the NZDJPY:
- If you take a look at the long term charts, its clear that it was rejected from an important support level.
- If we get a BOJ intervention, it will be on our favor.
Here is the 15M chart:
My trading plan:
Wait for a retracement to the short term support level (lower green level) and if it forms a significant pattern with upward pressure, I’ll be going long.
What do you think?
Trade Safe!
Raul Lopez
Forex Course
Tags: forex, NZDJPY Analysis
Raul Lopez
I've been trading the markets for more than 12 years. All my trades are based on price action. Check out my Coaching
program, I can help you develop a system that helps you trade with better results.
