NZDJPY: Critical juncture
已更新
NZDJPY had a potential short setup under resistance but it's proven to a very strong advance so far.
I'd like to see a new mode build higher, for at least the local leg that started from the last 5 bar low in the daily.
We could buy a breakout above resistance if it expands range and closes above the red box too.
It's very hard, emotionally, to buy into strength, but if NZDJPY proves it can break the resistance above, I'd be tempted to consider it possible to retest the 13 week downtrend signal's mode, from where the decline started, by November 20 to 27th.
See the weekly chart below to better illustrate the current scenario.
Cheers,
Ivan Labrie,
Time at Mode FX
I'd like to see a new mode build higher, for at least the local leg that started from the last 5 bar low in the daily.
We could buy a breakout above resistance if it expands range and closes above the red box too.
It's very hard, emotionally, to buy into strength, but if NZDJPY proves it can break the resistance above, I'd be tempted to consider it possible to retest the 13 week downtrend signal's mode, from where the decline started, by November 20 to 27th.
See the weekly chart below to better illustrate the current scenario.
Cheers,
Ivan Labrie,
Time at Mode FX
注释
New 8 bar mode higher, now monitoring for a time at mode long signal.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
相关出版物
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。