0805 NZDJPY just made us 160 pips profit
NZDJPY has made our target 2 hit with 160 pips.
This is an old trade open on 1st May.
We short it basically on the bear bowl top which has a broken trend line .
And we expected a 5th(4-5) wave down which made our target hit.
You cant open a new trade to sell it now because it looks pretty easy for a correction and more drop could come after that if this would be a 7-wave trend.
And we will keep our last 1/4 size till last target hit.
This is an old trade open on 1st May.
We short it basically on the bear bowl top which has a broken trend line .
And we expected a 5th(4-5) wave down which made our target hit.
You cant open a new trade to sell it now because it looks pretty easy for a correction and more drop could come after that if this would be a 7-wave trend.
And we will keep our last 1/4 size till last target hit.
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