top of page
Search

Buy NZD/JPY, news trade | Nov 26, 2019

As per previous analysis, we have already been bullish in NZD/JPY. This news trade is not only based on this current analysis but also supported significantly by previous analysis that illustrates strength of NZD/JPY in last two weeks.


In last hour, the US and China reached consensus on phase 1, which caused NZD/JPY to break the channel on H1.

I entered at 70.00 right at penetration of upper line of channel. During movement in last hour, I believed on this penetration that it will make H1 close above the channel's line unlike previous penetration because this penetration is supported by a significant news (significant because this news is related to many other positive news of its series).


TP 3.0 pips below ABCD100.0 (70.276) of D1.



3 comments

3 opmerkingen


Anand Dubey
Anand Dubey
27 nov. 2019

Trade closed: target reached

Like

Anand Dubey
Anand Dubey
27 nov. 2019

Trade Active: Moved SL to BE.

Like

Anand Dubey
Anand Dubey
26 nov. 2019

RBNZ governor Adrian Orr is about to speak within an hour in a press conference. In the last event of official cash rate decision, RBNZ had not cut rate. Since then, NZ has no such negative economic data that may put pressure for rate cut. Therefore I am not expecting Orr to be dovish today. However, you may close the trade if you don't want to take risk as the trade is already in floating profit of 7.8 pips now.

Like
bottom of page