NZDJPY - SHORT
Why are we entering?
- Price broke the ascending trendline = bearish
- Expecting further NZD weakness & JPY strength = NZDJPY SHORT
What are we waiting for to happen?
- waiting for the next correction to enter NZDJPY shorts
- possible retest of EMA
What is our confirmation?
- Retest of 4H EMA
- break of WFB once created
Entry
SAFE Entry: Rejection of 4H EMA and WFB once created
Risk Entry 1: Rejection of 4H EMA
Once entered, where will our Stoploss be?
- above the rejected price
Where do we take profits?
- First TP: 79
- Second TP: 77.4
- Third TP: 75
Why are we entering?
- Price broke the ascending trendline = bearish
- Expecting further NZD weakness & JPY strength = NZDJPY SHORT
What are we waiting for to happen?
- waiting for the next correction to enter NZDJPY shorts
- possible retest of EMA
What is our confirmation?
- Retest of 4H EMA
- break of WFB once created
Entry
SAFE Entry: Rejection of 4H EMA and WFB once created
Risk Entry 1: Rejection of 4H EMA
Once entered, where will our Stoploss be?
- above the rejected price
Where do we take profits?
- First TP: 79
- Second TP: 77.4
- Third TP: 75
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.