Mr.Pip
Short

NZDJPY SHORT (Daily) #42

FX:NZDJPY   New Zealand Dollar / Japanese Yen
-Swing Low broken and retested.
-Rejection at the swing low/resistance.
-10, 20 EMA's acting as dynamic resistance.

-Entering at .50 of Rejection candle.


1:4 RR MINIMUM 1:6.4RR MAX.


* KEEP YOUR TRADING SIMPLE, WITH PROPER RISK MANAGEMENT.*

Trade closed: stop reached: This is why Risk Management is important.
Comment: Looking back on this post, I can see in hindsight that the rejection candle I took was less probable than the following rejection candle. Always study your losers.
Trade closed: stop reached: Refer to #41
5%-1%= 4%
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