NZDJPY-some retracement after a 500+ pips rally Short

FX:NZDJPY1D

New Zealand Dollar/Japanese YenFXCM

Description

⋅ Feb 18, 2015 12:08 AM

After a strong rally this is a nice place for a pullback or trend change.
Details on the chart.
Good luck.

Comments

DerekUweri71

⋅ Feb 18, 2015 11:17 AM

Hi FullTimeTrader, couple of questions please.

1. What would be your trigger to enter the short?
2. Would you take the trade without really knowing for sure whether it's a reversal or pull-back?

FullTimeTrader

⋅ Feb 18, 2015 12:32 AM

I could edit the chart, but i see its not posible for me (to edit o delete a chart)

Technician

⋅ Feb 18, 2015 12:38 AM

Yeah no one is able to do that even mods.. Its no issue, keep up the great work

FullTimeTrader

⋅ Feb 18, 2015 12:24 AM

Thanks, Yes, i chose the wrong one (but the idea is clear)
Greeting

Technician

⋅ Feb 18, 2015 12:25 AM

Yes its clear, but not for the newbie.. Also u dont know , one day tradingview might measure performance based on those levels ;)

Technician

⋅ Feb 18, 2015 12:12 AM

Mate, you have to flip the levels, the red level is stop loss not target