FX:NZDJPY   New Zealand Dollar / Japanese Yen
Good evening traders, I am currently looking at this currency pair predicting a short.
My few reasons for doing so:
1. Market has been in this 250 pip range for quite a long time and this can be observed on a daily timeframe too.
2. We just had a rejection of higher prices meaning our resistance area is still valid.
3. Price created a bearish engulfing pattern previously in this area.

Always do your own analysis before placing any trades and make sure of using proper risk management.

I always set my TP slightly higher then the actual zone to ensure profits in case of sudden pullbacks all the way to the starting point.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out