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Short

JPY Rallying Across the Board

FX:NZDJPY   New Zealand Dollar / Japanese Yen
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1
I shorted this pair based on the rallying I'm seeing on NZDJPY across the board, and based on the triple doji that is information at resistance as well. Price is below the 50 SMA and we do have a pattern of lower highs. I had placed a similar order yesterday that had not gotten filled; in light of the candlesticks , though, I revised this order to enter at a lower rate as it did not appear to me that price would rally enough for me to get filled.

I'm short at 87.10, with my stop at 87.95 and my target profit at 83.75.

http://www.informedtrades.com

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