moa_trading_journal

NZDJPY - A big short opportunity may present it self

Short
FX:NZDJPY   New Zealand Dollar / Japanese Yen
GNZDPY is at the top of corrective ascending channel right now. It reach this area impulsively. The price already got a little rejected right now. I will wait for this rejection to go a little further. After that,if i get a bearish continuation pattern to confirm the move to the downside, i will happily take short trade at the break of the continuation pattern as i draw in the chart. On the other hand, if i dont get the confirmation i will still be watching this pair from the sideline
Comment: it continue to moove to the upside. But my entry havent got trigerred yet. This kind of move usually is just a fake move to catch more people on the wrong side of the market. I havent changed my bias and will still be waiting for a rejection continued by a break of bearish continuation pattern to trigger my short sell entry on this pair.
Order cancelled: I will update this pair on new idea because the structure has changed. My bias is still only on the short side

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