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UnknownUnicorn8714085

NZDJPY - Break & Retest Short!

Short
New Zealand Dollar / Japanese Yen (FOREXCOM:NZDJPY)  
UnknownUnicorn8714085 Updated   
FOREXCOM:NZDJPY   New Zealand Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators NZDJPY nzdjpyshort breakout retest swingtrading
3
0
trendanalysis chartpattern indicator nzdjpy nzdjpyshort breakout retest swingtrading
NZDJPY - Break & Retest Short! After analysing the NZDJPY on the 4H timeframe, I have noticed that price has failed to break above the 70.700 level many times. Price has broken my trend line, a small retest occurred and I can now see that price is retesting previous structure. When looking at lower timeframes (15MIN), I can already see a break of structure and I have therefor taken a short trade with a trade R:R of 1:6.
Trade closed: stop reached:
-20 Pips.
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