QuileHills
Short

NZDJPY Long Term Short Potential

FX:NZDJPY   New Zealand Dollar / Japanese Yen
294 4 14
4H RSI is just below 50 in bearish territory, 1H RSI is sitting comfortably in bearish territory a break of my diagnol support could trigger the pair to plummet, barring any intervention from the Japanese central bank .

My entry for this sell stop is at 74.624 just below the local low of 74.673

With such a far TP I'm going into this with a relatively small position and will be securing profit along the way with stop losses in profit at milestones (i.e. 100% fib support at 73.6767 and previous low 72.883) with a final TP of the 161.8% fib support at 68.0898.

Stop loss is set at the 78.6% fib resistance for a total R:R of 6.34
Nzdjpy sell. Triggered this morning
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Hi kyle . Is this ad nzdusd still valid ? Thanks
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QuileHills akshasuv
I still have my sell stops in for both.
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agreed
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