Trade taken this morning:
Reason For Entry- Market Pullback followed by Engulfing Candle, also rejection of closing above the 50EMA.
45 PIP SL (1.70664)
TP1- 45PIPS (1.69773)
TP2- 90PIPS (1.69327
TP3-135PIPS (1.68881)
135 PIPS Banked
Lastly, we have the NZD/JPY. This pair is pushing higher above the 13&50EMA but is about to run into a Daily Resistance Zone (Green). This is an area that I think we could see a nice counter-trend bounce out of the NZDJPY. So, for that reason, I will be looking in this area for potential short trades.
Daily Resistance Zone (67.640-68.150)
