New Zealand Dollar / Japanese Yen
Short
Updated

NZDJPY : Resumes downtrend

Good morning traders,

NZDJPY resumed downtrend after pullback where I was stopped out. I entered short again at 74.8 , SL 75.6 on a daily close, let´s see how plays out

Many indicators support the view, Clear downtrend below 200 & 50 MA, new lowe highs, and bearish stock market

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6 Trading Rules :

1. Never add to a losing position .
2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade

Josep Pocalles
Trade active
Stop moved to B/E , no risk on this trade
Trade active
Stop moved 78.2 , 60 pips protected, have a great weekend
Trade closed: target reached
Stop profit hit

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