NZDJPY - SHORT
Why are we entering?
- Price broke the ascending trendline = bearish
- Expecting further NZD weakness & JPY strength = NZDJPY SHORT
What are we waiting for to happen?
- waiting for the next correction to enter NZDJPY shorts
- possible retest of EMA
What is our confirmation?
- Retest of 4H EMA
- break of WFB once created
Entry
SAFE Entry: Rejection of 4H EMA and WFB once created
Risk Entry 1: Rejection of 4H EMA
Once entered, where will our Stoploss be?
- above the rejected price
Where do we take profits?
- First TP: 79
- Second TP: 77.4
- Third TP: 75
Why are we entering?
- Price broke the ascending trendline = bearish
- Expecting further NZD weakness & JPY strength = NZDJPY SHORT
What are we waiting for to happen?
- waiting for the next correction to enter NZDJPY shorts
- possible retest of EMA
What is our confirmation?
- Retest of 4H EMA
- break of WFB once created
Entry
SAFE Entry: Rejection of 4H EMA and WFB once created
Risk Entry 1: Rejection of 4H EMA
Once entered, where will our Stoploss be?
- above the rejected price
Where do we take profits?
- First TP: 79
- Second TP: 77.4
- Third TP: 75
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