mulchen

NZDJPY - Potential pullback for short !!!

Short
FX:NZDJPY   New Zealand Dollar / Japanese Yen
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Hello everyone, if you like the idea, do not forget to support with a like and follow.

The following confluences have been observed and satisfied with the direction of market. Our trading plan is to bid at better price and hoping the market pick up our bid and move further with trend.
The bidding plan should come with expiry date.


D1/M55 (T. Cont . PB .AClim)
1. (D1)(Y)(MUST) AutoClimate has statistic edge for moving down (Curr:1 / Std:5.77)
2. (H4/H1)(Y)(MUST) UFO is not within whitspace
3. (M55)(Y)(MUST) UFO area with in-balance price
4. (M55)(Y)(MUST) EMA200/100/55 should align with EMA9 Daily
5. (M55)(Y)(MUST) EMA9 Daily inside UFO area



D1/M55
NZDJPY SELL @ 79.138
SL 79.350 (21.2)
TP 78.692 (44.6)
CANCEL WHEN D1 autoclimate reset counting
CANCEL WHEN EMA200 & EMA9-daily has exceeded too wide with UFO



Trading plan become invalid if one of below condition appear
1. The price goes further down, causing the EMA200 & EMA9-daily has exceeded too wide with UFO .
2. Another potential UFO has appeared and align with EMA200 & EMA9-daily
3. Autoclimate at D1/W1 has reset counting



Disclaimer Notice !!!
The plan that shared here are not 100% confirm winning trade. There is no such thing as "always win" strategy. There will be a time we will face losing in rows. We are not pursuing high winning rate here. With good money management, we can be consistent profit in the long run.
Any trades you decide to take are your own. The trades shared here are for educational/informational purposes only and are Mulchen's personal trades.



Good luck!
~Mulchen, CISSP

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