AlbionTrader

NZDJPY might be a great reversal

Short
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Waited patiently for NZDJPY to reach Resistance ~83.50
I thought it would reach it yesterday so I was LONG~82.8
TP1~82.9
TP2~83.4

Now good Risk-Reward-Ratio ( RRR ) on the Reversal SHORT.

Conservative Stop Losses to be put above the time-high at 83.75

And... see how this plays out!
Trade active: Rejected the 83.74 level as expected, now seems to be boxed between that level and the former resistance at 83.5

Waiting to see which side it decides to go.