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Paul_K
Aug 23, 2017 5:28 PM

NZDJPY - Breakout Continuation Short

New Zealand Dollar/Japanese YenFXCM

Description

Hi traders,

there is nice BO continuation on NZDJPY.

The pair has reversed nicely and broken down. After creating some minor congestion at minor SR area there is another BO DOWN.

I will let you know.

Paul K.

Comment

3 long-trend bars. But only smal ones. Still valid trade, but I am carefully watching the strenght of the next bar.

Trade closed manually

Closing the trade on 2/3 initial SL.
Comments
forexcat
id be careful though, it hasnt broken through a daily uptrend I see
Paul_K
@forexcat, thanks for your comment. But what kind of daily uptrend you mean? The UP trend trend line has been broken really strong.
forexcat
I sent you a message
@Paul_K,
forexcat
that looks nice man
aahsan
thank you
Paul_K
@aahsan, you are welcome!
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