NZDJPY Trade Idea
Price had respected the resistance level last week and dropped hard after the NZD interest rate was announced. Since then price has pulled back to the 61.8% Fibonacci retracement level and printed a sell signal (long legged doji)
I have subsequently sold at market price @ 75.776 with
# stop loss higher up where I deem this setup invalidated @ 76.041 and
# take profit lower down at support @74.901
As usual don't bet the farm and never invest what you can't afford to lose...
For full details on trade management join me in Forex Bootcamp using the Telegram link below
I have subsequently sold at market price @ 75.776 with
# stop loss higher up where I deem this setup invalidated @ 76.041 and
# take profit lower down at support @74.901
As usual don't bet the farm and never invest what you can't afford to lose...
For full details on trade management join me in Forex Bootcamp using the Telegram link below
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.