SCENARIO #2 IF BEARISH NZDJPY
As a trader, we have to anticipate and play both sides. We have to consider alternative scenarios. Instead of a bullish scenario, we are thinking of the bearish scenario. What if 85.50-70 fails to hold as support? In this case, we would short when 2 conditions are fulfilled.
A) 85.50-70 support is broken downwards decisively
B) Wait for rally pullback to 85.50-70 to enter short
Short NZDJPY 85.50-70
SL above 86.20
TP final 81.40-50
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www.ForexPositive.com
Twitter @ForexPositive
=====
As a trader, we have to anticipate and play both sides. We have to consider alternative scenarios. Instead of a bullish scenario, we are thinking of the bearish scenario. What if 85.50-70 fails to hold as support? In this case, we would short when 2 conditions are fulfilled.
A) 85.50-70 support is broken downwards decisively
B) Wait for rally pullback to 85.50-70 to enter short
Short NZDJPY 85.50-70
SL above 86.20
TP final 81.40-50
=====
www.ForexPositive.com
Twitter @ForexPositive
=====
