NZDJPY Trend Continuation Short Set Up

FX:NZDJPY   New Zealand Dollar / Japanese Yen
Although this pair has been quite choppy it clearly has an overall bearish bias to it. You can see marked in red that this pair is continually making lower highs and lower lows. In addition to the clear down trend, the JPY has been very strong across the board in other JPY associated markets. For these reasons there is absolutely no sense in attempting to buy this pair at this time and for that reason we are only interested in finding short set ups. We can look to follow the down trend by waiting for corrective pullbacks to end and for price to roll over and continue in the down trend.

Price has been in a corrective pullback for quite some time now as depicted by the short term blue up trend drawn on the chart. If we see price convincingly break out of this pull back to the downside we may be able to open up a short position and ride with the trend to re-test the previous low or potentially make a lower low.

Tune in LIVE on YouTube https://goo.gl/g8sWn3 every Monday, Wednesday, and Friday at 7 P.M. Eastern Standard Time to learn how to trade the Forex market like a professional!

Follow us on our social media:
Website: http://goo.gl/jBTp1c
Google+: https://goo.gl/05cyms
Twitter: https://goo.gl/L1ncLG
Instagram: https://goo.gl/YZvVR3
Snapchat: Unique4xPro
TradingView: https://goo.gl/9Ab588

its really hard to short nzd pairs .. nzd is born bullish lol
lol well we will have to just wait and see. IF we get this set up we will go short.
I am currently short this pair, it has been quite choppy. Hope a rate cut in NZ bring this pair further south. Where would you place a SL here?
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out