Another cross that has been good to me lately. Maybe in need of a little reality check up here, therefore I’m searching out a short position.
Price has stalled at the fib combo around the big figure 80.00 and we cant rule out a bounce, yet I like the idea of selling into any strength – or alternatively any further breakdown.
The pair of fibs in question (blue area) are the 2017 July / September high points to the November lows. 50%-38.2% respectively. A rise towards the blue trendline around 80.70 would be a better entry if the chance presents itself.
NZDJPY 4 Hour
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
Philosophy: "Trading rules.....it most certainly does"
Read how Horatio got into trading here
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