Nzdjpy - price squeeze for a break out to the upside
Updated
Nzdjpy been consolidated for a few days due to Easter breaks having only a few active sessions.
Generally when London or NY open, we would get an aggressive move.
Generally when London or NY open, we would get an aggressive move.
Note
Broke out to the downside. Incorrect direction but the aggressive move was anticipated.Happens very often after public holidays etc
If your acc allows to trade either side at the same time, a sell stop and buy stop strategy would work really well on these type of moves.
Note
The first move was not the move to break the Major TL.
Now it's off.
Something to learn from this if one was to take the trade in anticipation that it would break.
First move, get stopped out. That's fine.. you can't be scared out and fearful of it.
2nd move would have covered your loss by at least 2x
Never let fear get in the way. Try again
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