Earlier I mentioned that NZSJPY is about to reverse with an impulsive move down, which is what happened exactly as anticipated. If you had the chance to get into that short trade then you might have gained some profit.
I still believe that the rally to the down is still due and will continue till it reaches the key zone around 76.500.
A breaking under 76.565, and I mean an impulsive break with a volume candle, means a downtrend is taking place fully. However, it's more likely that the price will reverse to resume the uptrend around that area.
Good luck and trade safe.
I still believe that the rally to the down is still due and will continue till it reaches the key zone around 76.500.
A breaking under 76.565, and I mean an impulsive break with a volume candle, means a downtrend is taking place fully. However, it's more likely that the price will reverse to resume the uptrend around that area.
Good luck and trade safe.
