BLUE43

NZDJPY 9 TIMES TESTED BIG DIVERGENCE - SO WHAT ?

FX:NZDJPY   New Zealand Dollar / Japanese Yen
219 1 27
...
I just shorted this at 74.61. My thought processes was/is that even though the 14 period RSI isn't overbought right now, the pairing has been hitting bollinger band reversals very nicely and is currently falling due to upper band contact at 74.59. (while Using 20,2 periods on my bollinger bands!)

What would a good T/P price be to set? My center bollinger band is currently at 73.91, yet when I look at your chart work, visual support seems to be holding in a pretty concrete zone of around 72.9-73.2..

Any input on how I should be cross analyzing these charts, and what the better T/P would be?
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