NZDJPY price has been rejected from top of higher TF Rising wedge structure quite impulsively. Shortly after breaking the Rising wedge, it start to form a bearish continuation flag pattern and managed to break it by few pips on Friday.
This is a trigger for my short sell position on this pair with sl above the flag structure. 1st target is arround 77.000 area (about 1:3 RR ratio).
A convincing break below that level will open a long term sell opportunity with target still remain to be seen.
For now, lets see how will the price develop. Good Luck.
This is a trigger for my short sell position on this pair with sl above the flag structure. 1st target is arround 77.000 area (about 1:3 RR ratio).
A convincing break below that level will open a long term sell opportunity with target still remain to be seen.
For now, lets see how will the price develop. Good Luck.
Note
2 % runningg, move sl to BEPNote
Trade running nicely, now 3 % ++,.. move sl to 77.650,.. locking 1 % profit..Note
Trade running nicely, now 5 % ++,.. move sl to 77.600,.. locking 3 % profit..Note
Trade running nicely, now 7 % ++,.. move sl to 76.600,.. locking 4.5 % profit..Trade closed manually
Tagged out from my #NZDJPY trade after it his my trailling sl at +4,5% profit. Nice trade,.. lets see if we can find another opportunity
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.