TradingView
Bastosai
Jan 24, 2018 10:47 PM

NZDJPY - D - SHORT Short

New Zealand Dollar/Japanese YenFXCM

Description

Reason for short : We have a very MRSI on daily TF, but I'm seeing the trend as bullish on weekly and monthly. I think this a good time for healthy pullback or correction. So I'm not expecting all 4 TPs to be cleared.

Trade with your own diligence.

Comment

TP1 hit 2 days ago, but big reversal coming up. I will re-analyse this pair when I'll have time.

Comment

25% closed@TP2. SL@be.

Trade closed manually

SL@be hit. Good whipsaw. If you didn't change SL, you can keep trade, it "should" continue downtrend. I will for re-enter, if possible... But to my knowledge it will be difficult seeing PA.

Comment

This is on trade where my SL@be past TP2 was counter productive. As a trader, you need to check often previous 'average" trade. This idea was actually spot on.
More