NZDJPY Bearish Scenario
SCENARIO #2 IF BEARISH NZDJPY
As a trader, we have to anticipate and play both sides. We have to consider alternative scenarios. Instead of a bullish scenario, we are thinking of the bearish scenario. What if 85.50-70 fails to hold as support? In this case, we would short when 2 conditions are fulfilled.
A) 85.50-70 support is broken downwards decisively
B) Wait for rally pullback to 85.50-70 to enter short
Short NZDJPY 85.50-70
SL above 86.20
TP final 81.40-50
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ForexPositive.com
Twitter ForexPositive
=====
As a trader, we have to anticipate and play both sides. We have to consider alternative scenarios. Instead of a bullish scenario, we are thinking of the bearish scenario. What if 85.50-70 fails to hold as support? In this case, we would short when 2 conditions are fulfilled.
A) 85.50-70 support is broken downwards decisively
B) Wait for rally pullback to 85.50-70 to enter short
Short NZDJPY 85.50-70
SL above 86.20
TP final 81.40-50
=====
ForexPositive.com
Twitter ForexPositive
=====
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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.