OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
Prices have tested the resistance line I drew at 78.484 3 times but there was insufficient buying power to breakthrough. This has good indication that trends may reverse from bullish to bearish. I set an entry at 78.443 in anticipation that prices will retest the resistance line again. Set my SL right above the resistance line at 78.532 and my TP at 77.414. This is to fill in a large imbalance bullish candle formed on the left of the chart. This trade has a RR of 11.56 which fits my trading strategy of a minimum 3 RR. However, prices did not reach my sell limit order and continued to smash downward to fill in the imbalance. Good learning experience
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