NZDJPY SHORT 4 HR BREAK AND RETEST TRADE SETUP

Hi everyone:

Here is a good opportunity on NZDJPY SHORT.

Enter the SHORT position @ 81.20 as the 4 HR chart makes a lower high then breaks out of the
bearish flag pattern, retesting the 50 EMA and support trend line.

Targeting the daily 50 EMA, 0.382 fib retracement around 79.90 area for a potential 4:1 reward risk ratio.

Thank you for your support.

Trade: #4 (2017)
Date: 01/06/2017
Time: 04:00 GMT

Trade attivo:

Trade chiuso manualmente:

0.5% Loss. Manually closed down the trade @81.35 area, as the bullish momentum is strong, breaking above 50 EMA