NZDJPY - Short (possible long term position)
Hi guys,
My analysis and reason for this trade are post on the linked idea. I've been waiting for Currency Barometer confirmation before my entry. I received confirmation and I entered. Levels are marked on the chart. I may extend my target a bit, but my initial target is inside the previous swing low with a pretty tight stop = excellent risk/reward on this trade.
My analysis and reason for this trade are post on the linked idea. I've been waiting for Currency Barometer confirmation before my entry. I received confirmation and I entered. Levels are marked on the chart. I may extend my target a bit, but my initial target is inside the previous swing low with a pretty tight stop = excellent risk/reward on this trade.
Comment:
Move your Stops to break even. We could bounce hard on the 78.60 area. We should continue lower from here. Just being over cautious as usual.
