Looking back at NZDJPY

2021년 3월 9일

FYI: There is a LOT on the screen. I tend to look at them one at a time when analyzing a trade, but they all need to be on in this idea.

This is a Cypher on the 15m chart. It formed very shortly after the start of the market week. It met my requirements for a trade. I took the TP2 area at about 50 pips from entry.

Take note of the Pitchfork on this chart. Notice also how closely the price followed in the Pitchfork over the next 14 hours. If you were to look at this on the 1 second time frame you would see price coming to with 3 POINTS of the Pitchfork.

Risk Disclosure
Forex trading is risky. You could lose your entire investment, and more. Please consult a licensed financial adviser before trading in the Forex market. I am not finance professional through formal education. I am an individual who believes and takes pride in showing people the power of Forex trading. The contents of this idea are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice.

Any ideas, comments, perceived signal should be reviewed carefully. The author makes no guarantees as to the accuracy of this data.