Hey, how is your week going so far?
Do you ever take a look at the weekly charts?
Sometimes I do, especially when the dailies and 4H charts aren’t that clear. And this is the case for the NZDJPY (where I have a short trade open at 61.05). Off the daily is difficult to see what the market is doing.
But take a look at the weekly chart:
So based on this chart, it is likely to continue its way down, until it reaches its next LT support level.
What do you think? Are you trading the NZDJPY? Let me know.