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JoMarshall
Dec 7, 2015 11:48 AM

Trend Continuation Trade on NZDJPY Long

New Zealand Dollar/Japanese YenFXCM

Description

Not much on my radar in terms of advanced patterns this morning but we do have a nice trend continuation trade setting up on NZDJPY and the market is just a few pips away from triggering my order so I' just wait and see what happens. Note we also have a bit of structure where my buy order is and the 61.8 retracement line also falls on that structure so it is a good long opportunity and the risk to reward ratio is greater than 1:1.

Watch my weekly video on my in depth analysis on EURUSD
youtube.com/watch?v=aLAyoRScdnM

Learn to trade a structure like this one
youtube.com/watch?v=qed8R1DKVPI

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