In the past, pre-holiday week, searching a setup based on the PA + MACD strategy, only one pair seemed interesting to me, fulfilling its assumptions, giving hope for a good setup.

NZDJPY 20-23.12.2018

NZDJPY H4 – 20-23.12.2018 the price continued declines as in analysis predicted

I was supported by the macro situation described in the analysis:”NZDJPY – divergence indicates a continuation of declines” from 20.12. Chart comparing the situation from the day of writing the analysis and the final one from Friday indicates that the predictions proved to be correct and the price dropped to much lower levels than expected. Unfortunately, I did not take the opportunity, because I was waiting for entry after correction … which did not happen and the quotations “drove away” quickly to the south. But expecting yen to strengthen, shortening on another pair with its participation – USDJPY – I have collected some pips.

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