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riffster21
Nov 7, 2017 1:28 AM

NZDJPY - Short (possible long term position) Short

New Zealand Dollar/Japanese YenFXCM

Description

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.

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.
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