UnknownUnicorn772665

NZDJPY Short - *SIMPLE DAY TRADE*

Short
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
I am currently in a short position on NZDJPY based on the rejection retest of the broken trendline but this is another opportunity to short this FX currency using my simple day trade method.

15minute flag pattern forming
3rd touch of top TL rejecting daily pivot
Lower high on the 15min chart
Rejection of fib 0.618

SL is 10 pips above the current high.

I have 2 profit targets marked on... Daily S1 and daily S2 level if there is a lot of bearish momentum.

ENJOY! :)
Trade active: Trade entered on the 15min wick rejection of the daily pivot and top flag pattern trendline.
Trade closed: target reached

Comments

SNIPER ENTRYS !!! , im using now more the fibonacci bro!
+1 Reply
UnknownUnicorn772665 UnknownUnicorn4265773
@UnknownUnicorn4265773, Love it... very useful for swing trading
Reply
UnknownUnicorn4265773 UnknownUnicorn772665
@UnknownUnicorn772665, and even for scalping trust me ! check the last entry bro of gold a published based on fibonacci , what a good tool!! , I use it some months ago , but I don't know why I stop to use it , and now , im backtesting , now I now is a really good tool for more confluences !
+1 Reply
Bearish momentum now in play. A break of this 15min flag would be nice.
Reply
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