This is why i told you ill prefer to wait to have a level for sl

FX:NZDJPY   New Zealand Dollar / Japanese Yen
Few days ago i told you that saw a panelist in money in motion saying that he was bullish in the NZDJPY due fundamental factors (impossibility to avoid the rise in the NZD by the government and the continue weakness in the JPY) but that I prefer to wait until a pullback has formed to have a point to place a SL with reasonable risk reward, well since then the NZDJPY have done nothing else but fall. That's the advantage that technical analysis give us.


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