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tom_mok
Jan 12, 2021 12:44 PM

NZDJPY Trading Idea Short

New Zealand Dollar/Japanese YenFXCM

Description

Price create transition movement after break S/R level.
And currently retesting S/R level.
We can try to sell when price brake white area
RR 1 : 2.28

Trade closed: stop reached

unlucky, price tag SL and fall
Comments
Investroy
Beautiful triangle, Tom! Might enter a little higher to make sure it’s fully complete, but even right now it’s an amazing RRR! Thanks for sharing 👏🏻
tom_mok
@Investroyllc, thanks dude. I prefer waiting for breakout since price has tested S/R level
Investroy
@tom_mok, You’re absolutely welcome! Yeah, we do too! The good thing about JPY pairs is after they breakout, they usually leave a 25-30 minute gap for an opportunity to buy the retest. So with constant monitoring you can trade that breakout quite safely. Keep up the good work! ✅
Mark_demariya
best work...
Mark_demariya
good work...
Matthewsan
tough call. chart n all looks good technically. however the kiwi is trading weekly at an average +8.81 while the yen is trading at an average weekly of +1.35. the chances of a downward move is highly unlikely and if so its a small movement with little pressure. i learned years ago to trade with the trend. im not in this quote/transaction, just merely interested in a large purchase entry soon. goodluck
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