motleifaul

Time to retrace

Short
motleifaul Updated   
FX:NZDJPY   New Zealand Dollar / Japanese Yen
We've been trading in arange since the beginning of the month. This range has been broken on Tuesday to the downside. Since then the rate's been fluctuating. But the break shall not be without consequences as we could not close even above the tops since past Friday. This shall confirm the new downward bias.
Trade closed: stop reached:
I am taking the opportunity to minimize the loss and am closng the deal. I lost the trusz in this idea. It seems to me that we are entering in a trading range now with a chance to rise next.
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