NZD/JPY - Medium-Term-Trade - VERY Aggressive Entry
As posted previously on our Market Update; we may see more of a down-side for this pair. We went ahead and placed a VERY AGGRESSIVE entry on this pair. As we saw that our 4H candle has closed -BELOW- our trend-line. As price has been in a STRONG down-trend we wouldn't be surprised if we see price retracing a little bit. Needless to say we have a pretty decent S/L. If we were to get stopped out we would be looking for some -BUY- opportunities to recover our losses.
When the 8H candle closes next and if it also closes -BELOW- our trend-line we may be placing ANOTHER entry to have 2 active entries on this pair. Our last and possible entry is if price closes -BELOW- our trend-line on the Daily chart. If this does happen we will have a update on that.
Our T/P is actually VERY ambitious but if we reach our 1st projected area our S/L will be moved to either break-even or +35 PIPS of profit it will depend on market scenario.
When the 8H candle closes next and if it also closes -BELOW- our trend-line we may be placing ANOTHER entry to have 2 active entries on this pair. Our last and possible entry is if price closes -BELOW- our trend-line on the Daily chart. If this does happen we will have a update on that.
Our T/P is actually VERY ambitious but if we reach our 1st projected area our S/L will be moved to either break-even or +35 PIPS of profit it will depend on market scenario.
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