NZDJPY – Taking a short sell entry here

Singkat

Dolar New Zealand / Yen Jepun (FX:NZDJPY)

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FX:NZDJPY Dolar New Zealand / Yen Jepun

trendline chartpattern nzdjpyshort nzdjpysell nzdjpysignal nzdjpysetup marketstructure marketstructurepattern falconstyle

NZDJPY price has been rejected from top of higher TF Rising wedge structure quite impulsively. Shortly after breaking the Rising wedge, it start to form a bearish continuation flag pattern and managed to break it by few pips on Friday.

This is a trigger for my short sell position on this pair with sl above the flag structure. 1st target is arround 77.000 area (about 1:3 RR ratio).

A convincing break below that level will open a long term sell opportunity with target still remain to be seen.

For now, lets see how will the price develop. Good Luck.

Komen:

2 % runningg, move sl to BEP

Komen:

Trade running nicely, now 3 % ++,.. move sl to 77.650,.. locking 1 % profit..

Komen:

Trade running nicely, now 5 % ++,.. move sl to 77.600,.. locking 3 % profit..

Komen:

Trade running nicely, now 7 % ++,.. move sl to 76.600,.. locking 4.5 % profit..

Dagangan ditutup secara manual:

Tagged out from my #NZDJPY trade after it his my trailling sl at +4,5% profit. Nice trade,.. lets see if we can find another opportunity

Penafian

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