NZDJPY Forex cross-pair forecast is bullish after creating a very strong imbalance of around 65.46 on the weekly timeframe. Intraday traders might have some shorter-term opportunities on the way up or on the way down.
NZDJPY cross-pair analysis is a swing trading analysis that could be used to trade smaller and faster timeframes even using other Forex trading strategies. These strong imbalances act like large magnets that attract price. It may take a while for the NZDJPY Forex cross pair to trade down there around 65.50. A bearish correction could create shorter-term short-trading opportunities on the way down. Remember that a single timeframe is not enough to make a trading decision.
This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.
Trading supply and demand imbalances are ideal for beginners and those with full or half-time jobs. You won’t need to stay in front of the computer all day long trying to move price action with your mind.
As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why do you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances in gaining control.
You should not worry about fundamentals or earnings announcements unless you are doing very short-term trading and scalping.
You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for the price to pull back or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.
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