Hello traders,
It’s been once crazy ride in the market this week, packed with high impact news. This has made it almost impossible to trade the market even when A setups present themselves.
One setup I am considering trading, it would be:
1. NZD/JPY
Price on the NZD/JPY has given us a clue that we may see another 40 to 90 pips before a possible reversal.
Price is above the 200 ma, meaning we are currently in a long term bullish market, and price partially broke the key resistance zone which took a while to do so some less than a month ago
Another reason why I am eyeing this pair is because, there is no news on it till 11.45pm Wednesday, so there is ample time for it to materialize
What say you?
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