OMBS
Short

Pullback to Resistance give us new Low Risk Entry

FX:NZDJPY   New Zealand Dollar/Japanese Yen
After breaking down from neckline price has climbed giving us the possibility to short even more lots or get in the trade if we missed it. This type of Low Risk Entries dont happen often.
4xbullion
2 years ago
left shoulder higher that head??
Reply
OMBS 4xbullion
2 years ago
Nop, but in Forex nothing is perfect hah. The important thing for me is Consolidation (HnS; Triple Top?????) + Breakdown + pullback to prior resistance (necline)+ 50DMA acting as resistance also. This are the best LREO plays because if price closes above 85,80 you are our with very little loss; but putential downside momentum could be hugh. Risk:Reword is at it best
+1 Reply
4xbullion OMBS
2 years ago
Now that sure makes a lot of sense!!
Reply
OMBS
2 years ago
Now todays price action was an unsepected move. Still Thanks to our LREP when price crossed abobe 200DMA we were out with a little loss ;)
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