OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
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.
Mar 05
Comment: Could go down even more till 75.60 if it does break down.
Mar 05
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.
Mar 05
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.
I agree
+1 Reply
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