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Short

NZDJPY Short Worked Out Nicely

FX:NZDJPY   New Zealand Dollar/Japanese Yen
The NZDJPY             short scalp worked out nicely. We were watching both the 5 and 15 Min which were contradicting each other. The 15 Min was in a downtrend but showing a possible long which made us turn our attention to the 5 Min chart which was indicating a possible short trade. Once the pair closed back below the EMA and the MACD stayed in negative territory we had the green light to take a short which yielded a quick 5-8 Pips.
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