NZDJPY; PRICE ACTION Top down Analysis for a SHORT
Updated
- Weekly (Bearish): Weekly level broken with 8/21 MA Crossover Bearish
- Daily (Bearish): Bearish Engulfing Candle Rejection off of 21 MA
- 2hr (Entry): Counter Trend Line break with 8/21 MA Crossover, Double top divergence
EP: 71.657
SL: 72.303
TP1: 71.000
TP2: 70.656
TP3: 69.650 (Next Weekly Level)
pipkingsfx.com
- Daily (Bearish): Bearish Engulfing Candle Rejection off of 21 MA
- 2hr (Entry): Counter Trend Line break with 8/21 MA Crossover, Double top divergence
EP: 71.657
SL: 72.303
TP1: 71.000
TP2: 70.656
TP3: 69.650 (Next Weekly Level)
pipkingsfx.com
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Trade active
up 40 pips so far. Take partial profits if you like & move SL to breakeven protecting our account.Trade closed manually
TP1 hit for 65 pips. Again protect your account by moving SL to entry.TP2 is around the corner. Big swing for TP3
Trade active
TP2 hit for 100 pips. Still holding this for swing to next weekly level
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