NZDJPY SHORT
Updated
Trade (1)
Entry Type : Limit Sell @ 0.70000
Stop Loss : 0.71250
Take Profit : 0.64500
R/R : 4.4
R/R % : .5% / 2.2%
Trade (2)
Entry Type : Limit Sell @ 0.70600
Stop Loss : 0.71250
Take Profit : 0.64500
R/R : 9.38
R/R % : .5% / 4.69%
Technical Analysis:
Price Action has found support along the .67000 psychological zone. Price has now had a bullish pullback into the 50.0% Fibonacci Level which coincides with our .70000 psychological resistance. Daily candles have shown strong rejection of this zone leaving two shooting stars and having essentially a 0.00% change in price for our current daily candle. My stop loss is placed above the 71.0% Fibonacci level and my take profit level is placed slightly above the -27.2 Fibonacci extension . Both trades outlined have the required criteria for my trade rules to enter the position.
Entry Type : Limit Sell @ 0.70000
Stop Loss : 0.71250
Take Profit : 0.64500
R/R : 4.4
R/R % : .5% / 2.2%
Trade (2)
Entry Type : Limit Sell @ 0.70600
Stop Loss : 0.71250
Take Profit : 0.64500
R/R : 9.38
R/R % : .5% / 4.69%
Technical Analysis:
Price Action has found support along the .67000 psychological zone. Price has now had a bullish pullback into the 50.0% Fibonacci Level which coincides with our .70000 psychological resistance. Daily candles have shown strong rejection of this zone leaving two shooting stars and having essentially a 0.00% change in price for our current daily candle. My stop loss is placed above the 71.0% Fibonacci level and my take profit level is placed slightly above the -27.2 Fibonacci extension . Both trades outlined have the required criteria for my trade rules to enter the position.
Note
Trade (1) SL moved to BE
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