From my earlier published chart of CADCHF was suggesting commodity currencies are exhibiting weakness. NZDJPY could be another example and an excellent configuration for hunting a short trade which as potential to drop back to 70 zone in due course if not lower.
Also that this is a weekly chart so it getting a good entry and suitable position size would be very important to allow for natural volatility.cad
Remember always that this is my interpretation of rice action. So do you own analysis for any trades you plan.
Also that this is a weekly chart so it getting a good entry and suitable position size would be very important to allow for natural volatility.cad
Remember always that this is my interpretation of rice action. So do you own analysis for any trades you plan.
