out of all the yen crosses.
I like what I see on NZDJPY the most.
I like long wicks or double tops or bottoms if you have your levels drawn in they're usually a tell tale sign that we're in for a reversal.
NZDJPY is rejecting 80.90 daily, long wick candle check other yen crosses sliding down check NZD has gone up the most compared to other yen pairs that doesn't really mean anything more than it was tad bit stronger than the rest. If you're thinking what I'm thinking no its not, it is possible but its not given.
But the problem with this setup is that tomorrow at 5AM UTC+8 we've got Wheeler speaking, along with cash rate announcements. I don't think there'll be much going on there. I certainly don't expect a rate hike. But I don't know what will follow in the statement. Thats an uncertainty I don't want to deal with tight SLs. Hmmm.
I like what I see on NZDJPY the most.
I like long wicks or double tops or bottoms if you have your levels drawn in they're usually a tell tale sign that we're in for a reversal.
NZDJPY is rejecting 80.90 daily, long wick candle check other yen crosses sliding down check NZD has gone up the most compared to other yen pairs that doesn't really mean anything more than it was tad bit stronger than the rest. If you're thinking what I'm thinking no its not, it is possible but its not given.
But the problem with this setup is that tomorrow at 5AM UTC+8 we've got Wheeler speaking, along with cash rate announcements. I don't think there'll be much going on there. I certainly don't expect a rate hike. But I don't know what will follow in the statement. Thats an uncertainty I don't want to deal with tight SLs. Hmmm.
Tape reading is an ART