acefxking

NZDJPY can be both short and long

OANDA:NZDJPY   Dollar New Zealand / Yen Jepang
On a side note, NZDJPY and GBPJPY Seem to be the only ones that haven't pushed out so impulsively. Right now price is leaning toward a HTF potential double top. And a penneant-type structure. And as we know, this structure is both reversal and continuation. But my overall bias seems to be leaning toward neutral and usually as a consistent trader its best not to enter and wait for more price development.

Waiting for price to break out with a smaller correction for downside momentum.
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