NZDJPY price has been rejected from top of higher TF Rising wedge structure quite impulsively. Shortly after breaking the Rising wedge, it start to form a bearish continuation flag pattern and managed to break it by few pips on Friday.
This is a trigger for my short sell position on this pair with sl above the flag structure. 1st target is arround 77.000 area (about 1:3 RR ratio).
A convincing break below that level will open a long term sell opportunity with target still remain to be seen.
For now, lets see how will the price develop. Good Luck.
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2 % runningg, move sl to BEP
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Trade running nicely, now 3 % ++,.. move sl to 77.650,.. locking 1 % profit..
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Trade running nicely, now 5 % ++,.. move sl to 77.600,.. locking 3 % profit..
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Trade running nicely, now 7 % ++,.. move sl to 76.600,.. locking 4.5 % profit..
Trade closed manually
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Tagged out from my #NZDJPY trade after it his my trailling sl at +4,5% profit. Nice trade,.. lets see if we can find another opportunity