NZDJPY short trade
Updated
Very bearish weekly shooting star close rejecting out of the daily/weekly fib reversal zone (between 61.8 and 78.6)
2HR 3rd trend line bounce
Rejection of 2/4HR 78.6% fib level
4HR rejection of 50ema
Retest of broken trend line
Medium/long term target is 72.50 for this pair.
R:R 1:3.92
2HR 3rd trend line bounce
Rejection of 2/4HR 78.6% fib level
4HR rejection of 50ema
Retest of broken trend line
Medium/long term target is 72.50 for this pair.
R:R 1:3.92
Trade active
Trade active. Plan to add further short position upon a break of the 4HR 8EMA.
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