NZD / JPY, is this a good time to sell?

· View 1,156

NZD / JPY, is this a good time to sell? Technically, the graph looks really interesting. A large number of sellers have moved to 79,110, where I will be looking for opportunities to average my short position.

NZD / JPY, is this a good time to sell?

The yen is weak in the global currency market. Nevertheless, the fact that the NZD is slowly starting to lose strength (short term) speaks for the short position.

NZD / JPY, is this a good time to sell?

I will wait until the market begins to price in less risk aversion, which when combined with good sales levels should result in a downward candle. The current exposure is not large, I leave myself room for averaging at a higher price.

The upward peak on candles D1 and H4 is sharp. There weren't too many price tests under the family. So they expect one more important correction. Additionally, the potential rebound in yields may support declines in NZD / JPY.

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

Total 20 FCOIN reward


Verified Official
Very useful analysis can tag #OPINIONLEADER# to let more people see your opinion and earn a second income.
@FOLLOWME Support:great idea for future :)