NZDJPY Short

Waiting for the JPY GDP news tomorrow before setting up a sell stop order below S2 pivot line with TP at S4 and SL between S2-S3. Pair had a breakout at 80.5 support and might be heading now to 77.0.

www.tradingfloor.com...d-for-nzdjpy-8519962

D:

W:

Confidence: A (assuming still same sentiment with JPY tomorrow after GDP news as today)

Comment:

www.economiccalendar...p-revised-up-to-0-3/

JPY's actual GDP were lower than forecasted but higher than previous month's. But price action in H is starting to show higher highs and might signal ranging days ahead before deciding whether it would continue falling down or recover up. If by tomorrow morning it continues to print higher highs, then my SL will most likely get hit or I might manually close this trade instead, we'll see.

Trade closed: stop reached:

Aww :( But on the good side at least the loss was just minimal. Because of mostly ranging markets (which are also very volatile lately thanks to Trump), I have recently come up with an "improved" strategy by planning to do intraday trading instead of merely swing/day trading, and incorporating the Maria Gap Theory to my previous strategy of ADX and pivotlines-assisted price action trading. I'm about to start forward testing it on Monday. We'll see if it gives better results for the next months :)