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AEFX786

NZDJPY Short (Sell) Trade Setup Idea

Short
New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
AEFX786 Updated   
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Trend Analysis Support and Resistance Supply and Demand NZDJPY nzdjpysell nzdjpyshort nzdjpyidea nzdjpysignal nzdjpyanalysis
0
6
trendanalysis supportandresistance supplyanddemand nzdjpy nzdjpysell nzdjpyshort nzdjpyidea nzdjpysignal nzdjpyanalysis
NZD has been showing great strength today and has raced into a fairly strong sell zone. Mind, there is a sell zone much stronger than this at around 75.4 but price has stalled and is reacting at this level. We're looking at price action for opportunities to short .
Comment:
TP1 hit
Comment:
TP2 Hit. I think I accidentally published this idea twice so I'm updating in both places.
Comment:
This setup achieved a 1:4 before heading back to stops. If you trailed your stops into profit, this would have been a great trade even with just TP2 :)
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