AlbionTrader
Short

NZDJPY might be a great reversal

FX:NZDJPY   New Zealand Dollar / Japanese Yen
Waited patiently for NZDJPY to reach Resistance ~83.50
I thought it would reach it yesterday so I was LONG~82.8
TP1~82.9
TP2~83.4

Now good Risk-Reward-Ratio ( RRR ) on the Reversal SHORT.

Conservative Stop Losses to be put above the time-high at 83.75


And... see how this plays out!
Trade active: Rejected the 83.74 level as expected, now seems to be boxed between that level and the former resistance at 83.5

Waiting to see which side it decides to go.
are does lines Moving averages ?
Reply
AlbionTrader JunnBraimah
@JunnBraimah,

Yes, that is an MA Ribbon (flow of 3 Moving Average, I use Exponential ones).

Is there a particular reason for asking? :)
Reply
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