khng555

Week 36: NZDJPY: Slightly Bearish

Short
FX:NZDJPY   New Zealand Dollar / Japanese Yen
I want to see how price reacts at 78.28 which is the end of the pin bar. Market might go down to take out those who placed their SLs under the Pin bar and then retrace to trap those who short after that. If price can break 78.28 strongly and hold on retrace, then I will short it down. I am expecting a gap down when market open again which might break 78.28. So I will observe before taking any action.
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