Taking a long position on the NZD/JPY pair. Pretty solid technical indications of a bullish bounce, a fail to close below the support zone on the daily chart, as well as a strong Japanese Yen for the next week or so. Additionally, nice bounce on the 4 hour chart.
Comment:
Moved stop loss right under the support zone - at this point, it's likely that with the RBNZ releases, the price is going to go one way or another with momentum without staggering around
Comment:
Trade Closed. Looking to take a short position if the daily or 4 hour is able to close below the 200 MA.
