shyean replies to: NZD/JPY

Reaching 79.291 (coming resistance) for a good short is highly probable within this week.
If this resistance is broken, it will move up, but this entire mega trend is still bearish.

Traders will more likely fade the move from 79.291 to 80.3++ (i.e. martingale short or whatever you call it).
Safest short area is still 80.3++ (See all my previous posts on this thread).
Get ready to short once that level is reached, or you can short from next tuesday, if you wish to.

I would say we are coming near to a golden opportunity to win a chicken.

Leave a Reply

Your email address will not be published. Required fields are marked *