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MoolahMaker

NZDJPY - Day Trade

Short
New Zealand Dollar / Japanese Yen (OANDA:NZDJPY)  
MoolahMaker Updated   
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
Beyond Technical Analysis Technical Indicators Chart Patterns NZDJPY nzdjpyshort nzdjpysell nzdjpybreakout nzdjpysignal nzdjpyidea nzdjpyanalysis nzdjpysetup nzdjpymove
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beyondta indicator chartpattern nzdjpy nzdjpyshort nzdjpysell nzdjpybreakout nzdjpysignal nzdjpyidea nzdjpyanalysis nzdjpysetup nzdjpymove
Short term sell on NZD/JPY - Shorting the pullback of the bullish trend as it hasn't yet found the foundation to make the push higher up.

*This is a day trade and a Risk:Reward ratio of 1:1.
Comment:
Could go down even more till 75.60 if it does break down.
Comment:
Day trading has higher risks since it's short term and less certain at times. Therefore, risk twice less if you do take the position.
Comment:
You can short term close now and sell higher if the move is still active or keep your trade open and ride the wave. It's not certain how much more it'll fall down, but it has broken the 1H support. As a day trader, you sell, take your profit, and sell back from a little higher than you closed once you know that it'll continue down.
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