NZDJPY Short (Sell) Trade Setup Idea

25 thg 1, 2021

NZDJPY is approaching a strong sell zone. We can see price previously reacted from this level quite dramatically. We're looking for potential shorts from here back to the support zone.

25 thg 1, 2021

Ghi chú

TP1 Hit

25 thg 1, 2021

Ghi chú

Price pulled back to a previous support and tested it as resistance. The pullback slowed into a bearish rising wedge pattern, which peaked as it touched the resistance level and then broke to the downside.

Quite possibly, this could be the end of the pullback and we'll now be looking for the next leg down.

26 thg 1, 2021

Ghi chú

Closing early to preserve profits. Price action is very bullish and the reaction from the 1H demand zone was stronger than I anticipated. We may break further below but for now, my sentiment is that we will move higher towards 74.950 where I will be watching for another potential short.

28 thg 1, 2021

Ghi chú

TP2 Hit

8 thg 2, 2021

Giao dịch được đóng thủ công

Forgot to close this. Stopped out after TP2, stops were in profit.