NZDJPY; PRICE ACTION Top down Analysis for a SHORT Short

New Zealand Dollar/Japanese YenFXCM

Description

⋅ Jun 11, 2019 4:35 AM

- Weekly (Bearish): Weekly level broken with 8/21 MA Crossover Bearish
- Daily (Bearish): Bearish Engulfing Candle Rejection off of 21 MA
- 2hr (Entry): Counter Trend Line break with 8/21 MA Crossover, Double top divergence

EP: 71.657
SL: 72.303
TP1: 71.000
TP2: 70.656
TP3: 69.650 (Next Weekly Level)

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Comment

⋅ Jun 11, 2019 6:18 AM

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Trade active

⋅ Jun 12, 2019 5:33 AM

up 40 pips so far. Take partial profits if you like & move SL to breakeven protecting our account.

Trade closed manually

⋅ Jun 14, 2019 4:08 AM

TP1 hit for 65 pips. Again protect your account by moving SL to entry.
TP2 is around the corner. Big swing for TP3

Trade active

⋅ Jun 17, 2019 8:28 AM

TP2 hit for 100 pips.
Still holding this for swing to next weekly level