I'm bullish on NZDJPY.
Institutions on the COT report are buying NZD, and aggressively selling JPY.
Retail sentiment shows 90%+ selling.
Very clean trend, consistently making higher highs and higher lows.
On the most recent high, the volume remained high, signifying a trend continuation.
The last retracement reaching fib 75% shows a possible but early start off of a Wyckoff distribution, a high chance for an upthrust reaching a new high.
Retail sentiment shows 90%+ selling.
Very clean trend, consistently making higher highs and higher lows.
On the most recent high, the volume remained high, signifying a trend continuation.
The last retracement reaching fib 75% shows a possible but early start off of a Wyckoff distribution, a high chance for an upthrust reaching a new high.
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