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UnknownUnicorn772665

NZDJPY Short Trade 2.0 *Trendline Retest*

Short
New Zealand Dollar / Japanese Yen (OANDA:NZDJPY)  
UnknownUnicorn772665 Updated   
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis NZD jpy NZDJPY short GBPUSD GBP Fibonacci Retracement
19
2
trendanalysis chartpattern waveanalysis nzd jpy nzdjpy short gbpusd gbp fibonacciretracement
The 4hr wedge was broken last week and the bottom trendline has now been retested. Although there is no real Fibonacci Retracement level here, there is a lot of structure to the left and I believe the overall bearish trend should continue.

Stop loss is above previous highs to be safe.
Trade active
Comment:
NZDJPY is looking a bit choppy/messy but I have accepted the 1% risk so will just let it play out.
Comment:
Nice 1hr flag continuation forming on this pair. Potential for another scale in entry now
Trade closed: stop reached
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