NZDJPY Wave Count: Technical + Fundamental Analysis

Jan 20, 2017

After this bearish impulse, it is likely that if the entry level is taken out we may see further downside. The EW count suggests the same. Also, with the inauguration occurring today, there is a possibility for a "risk off" economic environment to take the reigns which would mean a drop in riskier currencies like the kiwi and a rise in the safer yen. Cheers

Jan 20, 2017

Trade active

Active, Trump speech has sparked risk-off environment thus far. Cheers

Jan 20, 2017

Note

Since this is a risk-off position and it is moving in my favor I am leaving it open over the weekend. Cheers all, have a great one!

Jan 23, 2017

Note

Trade moving steadily in favor of the short. +30 pips. SL Moved to B/E. Cheers

Jan 23, 2017

Trade closed: target reached

+46 Pips