Piet.Hein
Short

NZDJPY Short - I'm In

FX:NZDJPY   New Zealand Dollar/Japanese Yen
281 12 9
a year ago
Good opportunity to go short on NZDJPY             , there is a MACD Divergence and also bearish price action at a significant resistance.
a year ago
Trade active: Entry was 81.99
a year ago
Comment: Stop Loss moved to Break Even
a year ago
Comment: Monetary policy statement from RBNZ was pretty bullish, I would sell again at better levels if there is a opportunity, but for now, I will let a free risk trade :)
a year ago
Trade closed: stop reached: Break Even - No losses :)
a year ago
Comment: As I commented above, monetary policy from RBNZ was bullish, so I decided to move stop loss to break even.
a year ago
Comment: Now there is a nice double top on this pair, maybe a good opportunity to go short again!
a.harchali
a year ago
buy or sell !
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Piet.Hein a.harchali
a year ago
Sell (=short) ;)
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ChatchaiVong
a year ago
thank so much , update again please
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Piet.Hein ChatchaiVong
a year ago
I've already close this trade on break even because of RBNZ last monetary policy statement was bullish (we can see this on the big pin bar of 12/09). But of course there is still a chance of a big fall, JPY is very strong against CAD, AUD and USD these days.
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Piet.Hein ChatchaiVong
a year ago
At the moment I'm just with 2 open positions: short AUDJPY and short CADJPY. And also with a sell limit on NZDUSD around 0.6890.
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FereydoonIzady
a year ago
Thanks Piet. it can be a great opportunity. what about entry price, SL, TP?
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Piet.Hein FereydoonIzady
a year ago
:) Stop loss must go above 83.33, I see 83.60/70 as enough, but if you want even more caution, above 84.10. A good take profit, to really make this trade worth, is between 76 and 74.40
+1 Reply
FereydoonIzady Piet.Hein
a year ago
this can be very great trade but i think it's alittle soon. also we are on D1 trendline supoort. wait to break it
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Piet.Hein FereydoonIzady
a year ago
yes, do agree. But looks good on weekly too, there is a short signal, nice pin bar with stochastic above 80, also rsi warming up to a big fall and everything at a lower high just at a weekly resistance. looks very good.
+1 Reply
FereydoonIzady Piet.Hein
a year ago
Good. just SL is too big for ,e
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Piet.Hein FereydoonIzady
a year ago
I do like safeness ;)
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Piet.Hein Piet.Hein
a year ago
but need to remember, last monetary policy statement was bullish, there is no more rate cut coming from RBNZ, it is a bull signal for the NZD against others currency. For example it is giving a good hold against USD on NZDUSD daily, but technically a eminent fall is likely on both pairs (nzdusd and nzdjpy)
+1 Reply
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