FX:NZDJPY   New Zealand Dollar/Japanese Yen
98 5 4
I was stopped out in the previous NZDJPY             trade. But moving a bit higher the trendlines to last level, it showed me this analysis. Is the right one ?

I tried a new short with very tight SL (not with daily close) , at 92

6 Trading Rules :

1. Never add to a losing position .
2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade


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UPDATE : Trade is progressing well . I´ll move stop at 91
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UPDATE : I closed 50% of the position, remaining with SL @ breakeven
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UPDATE : I moved stop to 90 to lock in additional profits
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UPDATE : Step by step It seems trade is on its way to target. I usually like to post ideas with large time frame of trades, so more people can join the trend and not required to be in front of the screen all day waiting alerts.
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Nice one.
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