nzdjpy countertrend retracement entry

potential entry. as always use caution. it should pull back and retrace some but the TP target can not be guaranteed. a 1:1 is a conservative take profit. Recent high could be used as a more conservative SL but it may have a chance of being part of a shakeout. Take your pick as to where the SL should go on that one. Tighter may be good with a later re entry if it comes back down.