This rising wedge will not last forever. We now have a bearish signal coming out of autochartist. url Regardless of the type (reversal or continuation), rising wedges are bearish. image

NZD/JPY

Anyone martingale short NJ from this point onwards? Please a show of hands. Need some replies. Thanks. Update: Just touched resistance line at 77.697 Next key resistances: 78.615, 79.283 image

NZD/JPY

NZD has light rebound because of a positive low impact news: GDT Price Index Long term trend still bearish. Still good to short but at higher resistance levels.

NZD/JPY

ABCD pattern encountered on NJ. Verdict: Bearish Watch price at 77.329

NZD/JPY

Trend remains bearish. Still have more room to make alot more short scalps. Next resistance: 77.637 A cluster of resistances are from 78.219 - 79.283. image

NZD/JPY

Please note on light rebound to NZD. url "The monthly trade balance was a surplus of $217 million (4.9 percent of exports)."

NZD/JPY

Thanks for your inputs. Need more people participating on this thread. Don't know what the others are thinking.

NZD/JPY

NZD news: url "Total credit card spending in New Zealand increased in February after falling in the previous month, data from the Reserve Bank of New Zealand showed Wednesday." Light positive news for NZD. It means more people spending on the ...

NZD/JPY

url Japanese currency has to be closely watched in the short to medium term. Need to hedge this currency pair in the event of any price spike due to any unfavorable news on JPY. Update: There is a light bullish rebound on NZDJPY. But still ...

NZD/JPY

NZDJPY commentary: url Because this pair is into the high bearish territory, there may be a "light bullish" rebound this week from tuesday onwards. But still maintain bearish focus on Monday unless there is news that states otherwise. Any comments ...

NZD/JPY

Just follow your trades. Can le.

MoneyFocus' thread of forex and fun

Still good to short at every higher resistance from now. Maintain bearish.

NZD/JPY

lolx... the call is too good....

NZD/JPY

The floor has been breached. Keep shorting at every resistance. STRONGLY bearish. image

NZD/JPY

If you are a logical person You should look at this when putting your next trade. I have no comment on whether you should trade following the trend or counter-trend.

My Trade Ideas and Observations

When to use hedging? I will use hedging when the trade is in prolonged A/D phase (Phase A-Phase D). A stronger currency will be used. But its direction needs to be certain to hold for a longer period of time maybe 2 time frames above my current time ...

My Trade Ideas and Observations

NZDJPY Market: Bullish The market has spoken. It is now bullish. Phase E has been reached. Remarks: It seems to be phase D, but the price jerks up 2 times.

My Trade Ideas and Observations

25-Delta risk reversals Found someone uses this in forexfactory. Just want to bookmark it for others here. url As of now, I do not know how to use this yet. Will add in new information later.

My Trade Ideas and Observations

Anyone who is brave to short later, let us know. Thanks.

USD/JPY Discussion

Stop-Hunting Interesting video which I have found in ForexFactory. Just a repost for my bookmarking video

My Trade Ideas and Observations