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RealTraderRaff

NZDJPY - Long position

Long
New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
RealTraderRaff Updated   
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Trend Analysis Chart Patterns Fundamental Analysis NZDJPY longtrade Bullish Patterns
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trendanalysis chartpattern fundamental nzdjpy longtrade bullish
I'm looking for a breakout of the small downtrend that has formed creating a triangle. JPY is very weak at the moment and the trade balance news that just came out doesn't look that good.

I'm waiting for some bullish momentum and then may trigger a long position around 77.75.

Entry: 77.75
SL: 77.47
TP: 78.20

This basically 1:1.5 RR
Comment:
Buy entry was triggered, but now we're getting some resistance from the larger downtrend, so good time to move SL to BE
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