FX:NZDJPY   New Zealand Dollar / Japanese Yen
Market re-tested the daily resistance zone and failed, resulting in a bearish pin bar in H4. Two options in my plan to short this pair:

(1) Enter at market now based on the bearish pin bar signal rejecting the daily resistance zone .
(2) Wait for further retracement up for deeper re-test of the daily resistance zone and the re-test of the low of mother bar.

My heart says (1). My head says (2). What do you say?
UPDATE: 2R reached. SL moved to BE. Whole position still intact.
Reply
Casey_Yeo Casey_Yeo
That's fast. Stopped out at BE.
Reply
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