NZDJPY: Sell Opportunity with Tremendous Risk/Reward (#4 Trade)
Price has reached the sliding parallel of the median line set where it found resistance bouncing to the down. Selling the retest is a nice idea. A bearish divergemce adds to our analysis on going short.
Setup: Sell
Entry level: 79.047
Stop-loss: 79.248
Profit target: 77.992
Risk/Reward: 5.25:1
Trade with care,
John
DISCLAIMER: You are solely responsible for your trading. The possibility exists that you could sustain a loss in excess of your initial investment.
Setup: Sell
Entry level: 79.047
Stop-loss: 79.248
Profit target: 77.992
Risk/Reward: 5.25:1
Trade with care,
John
DISCLAIMER: You are solely responsible for your trading. The possibility exists that you could sustain a loss in excess of your initial investment.
Comment:
Move your stoploss at breakeven
Comment:
Stopped at breakeven
