TradingView
lewrig
Aug 10, 2020 10:22 PM

NZDJPY - Short Short

New Zealand Dollar/Japanese YenFXCM

Description

Similar to the NZDUSD short, price has broken below an ascending trendline, made a corrective structure, then broke below this new support ascending trendline.

This is a late entry as I would have ideally entered on the breakout close.
Stops set within the corrective structure and targeting the 1.618 fib level which is in line with the July double bottom.

Comment

I had moved to stop up to 70.600 before the stop shown on the chart was taken.

Comment

Some profits taken at the 1.272 fib level and stops moved into profit. Stops have since been hit.
More