TimStuyts

NZDJPY short term trade scenario's

FX:NZDJPY   New Zealand Dollar / Japanese Yen
155 0 6
I expect to see a bearish break out in the beginning of next week's trading. If however we see the bullish break from this zone I will wait for at least a minor consolidation before I buy.

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Comment:
Trade active:
Comment: If you didn't short this pair on lower time frames, wait for candle to close for a confirmation.
I'm looking for a test of 73.5 and likely even lower.

Trade closed: target reached:

We are having a great week with already 50% profit from last Friday by trading with no more than a cumulative risk exposure of 2%. All new entries are taken once the previous trade is at least at break even. Hope you guy's profited from it, it pays of to be patience because some weeks just present many 'ideal' set-ups.

I've still some trades open with stop loss at break-even like EJ and AJ, both for a new daily low as well.
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