NZD / JPY Trend Continuation (Bearish)

Jul 31, 2019

Looking at a bearish trend continuation on the 1HR timeframe. Using an ATR based stop position above the recent high and a fib retracement to map out a minimum 1:1 trade. Wait for a lower low lower close candle in the red zone for confirmation of entry and set targets at a re-test of the recent low at 71.50.

Aug 1, 2019

Trade closed: target reached