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Fxprotrader
Aug 25, 2016 5:10 AM

NZDJPY: Key Level To Watch For A Sell Setup Short

New Zealand Dollar/Japanese YenFXCM

Description

NZDJPY is overall in a correction with price rising and heading to a slide parallel of a downslope median line. At the same level we have the 0.382 fib level of previous down wave. We should wait for a breakout below the rising channel where price is moving and wait for a sell setup to complete based on our strategy. A more aggressive way to trade this, is to watch for a setup id price reaches the slide parallel.

Like and follow for updates..! Always use stops in your setups..!
Comments
pip_hunter
Thanks for your insight FX ,im short in this pair.Lets hope all goes to plan.
Fxprotrader
Great.. Keep in mind that it may goes a little more to the upside. i hope your are safe with stoploss :)
pip_hunter
Hi Fx hope you are having a great weekend.Just wondering if this pair has completed retrace and maybe on the way down?

twitter.com/kevsta35/status/769456917533995009
Fxprotrader
Thanks for sharing
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