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Snorkel_Sucker
Jul 31, 2019 9:27 AM

NZD / JPY Trend Continuation (Bearish) 

NZD/JPYOANDA

Description

Looking at a bearish trend continuation on the 1HR timeframe. Using an ATR based stop position above the recent high and a fib retracement to map out a minimum 1:1 trade. Wait for a lower low lower close candle in the red zone for confirmation of entry and set targets at a re-test of the recent low at 71.50.

Trade closed: target reached

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