UnknownUnicorn772665

NZDJPY Short Trade 2.0 *Trendline Retest*

Short
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
The 4hr wedge was broken last week and the bottom trendline has now been retested. Although there is no real Fibonacci Retracement level here, there is a lot of structure to the left and I believe the overall bearish trend should continue.

Stop loss is above previous highs to be safe.
Trade active
Comment: NZDJPY is looking a bit choppy/messy but I have accepted the 1% risk so will just let it play out.
Comment: Nice 1hr flag continuation forming on this pair. Potential for another scale in entry now
Trade closed: stop reached