Cabot101Management
Short

Opportunity knocks again !!!!

FX:NZDJPY   New Zealand Dollar / Japanese Yen
Okay so ,

Firstly hope everyone enjoyed the Bank holiday Monday ?, ( if your UK based ) I had a lovely day it was scorchio :) , its important to enjoy time away too.
Anyways this has seen sideways action for a while, I love charts like these because its not what everyone wants to see.... its a money generator and low risk .

I tend to reflect on the Fundamentals here as the JPY is very much a mover on risk tone sentiment, today is a risk on tone day as seen green across the US MKTS so JPY weakness for now.
What should we do ? well I will be selling at MKT as the NZD is by no means in a good way according to the RBNZ's message at the last meet , plus later today ( Asia time ) RBNZ Financial Stability Report comes out and its normally not until figs come out and slap people in the face they realise OH !!!!!

So a slow mover but a good one .

Trade rating - 9

Happy trading ....

Comments

I admire your work
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@DaweFXHunter, many thanks my friend I really appreciate it :) . Are you in this ? Or more to the point whats your favourite set up right now ?
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