We could be running into some traffic here, and my attention is drawn to one of the minions NZDJPY.

NZDUSD has reached the 50% fib of the last major swing – 2017 highs – Nov lows (yellow area) and price has also reached the measured move that I highlighted at the end of last year. Nothing to stop price from motoring on from here of course.

 

NZDUSD-H4

 

Taking a look at the NZDJPY chart, we are approaching the top of the channel and I’m close to placing a short trade. A good combination of bearish candles on the D1,H4, hourly from here will be enough to tempt me into a short trade with a tight stop.

 

NZDJPY-H4

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

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