ECHO | NZDJPY - Short opportunity.

Alongside NZDUSD, this NJ trade can come in handy with correlation to NZD bearish sentiment as a whole. Pending is based on:

- Key level break retest
- 50 fib retest
-Correlation with Nikkei

Smaller stop used here as with JPY pairs we hope to see a quicker reaction

ECHO

Trade active:

Likewise with NZDUSD we have a correlation between both NZD pairs. Now running +15 pips depending on where you entered from the short.

Trade closed manually:

Closing the trade around BE to mitigate potential losses. JPY index is moving against us, and no further correlation to support a pullback across JPY pairs.