Categories
Charts, Levels and Strategizing

NZDJPY: Week of 24 January 2022

See daily chart of NZDJPY below for the discussion that follows.

NZDJPY is close to a support area that I like. I will consider a long here if price can move a bit lower and the support is confirmed via candlesticks.

EURUSD (post from last week) fell back into the consolidation again. I’m neutral for now.

Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.

On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.

Thanks for reading.

Thanks and Regards,

Trading SOS SOS