I said in my post on Monday that this move looked promising and it didn’t disappoint .

In fact it rather surprised me and Ive been nipping in and out of the long after the initial surge when I really should have left it alone to do its thing . Read the previous post with charts here .

I’m guessing we get a period of consolidation here but buying dips and poaching the bounces is how I will continue to play this one for now. The yellow arrows in the chart below show the good risk reward longs that kept me buying.

Watch the 61.8% (red arrow) of the larger swing and a bounce from the green trendline for opportunities .

 

 

NZDJPY-H1

Horatio Dubsly

Collects more scalps than Crazy Horse and newly crowned Bitcoin & Dow top calling master.
Philosophy: "Trading rules.....it most certainly does"

Read how Horatio got into trading here
Horatio Dubsly

Pin It on Pinterest