NZDJPY trading plan (18-05-2015).

NZDJPY Weekly (18-5-2015)

 

NZDJPY DAILY CHART

NZDJPY Daily (18-5-2015)

NZDJPY H4 CHART

NZDJPY H4 (18-5-2015)

NZDJPY  trading plan (Price Action)

The pair is still bearish but is facing a Demand level on the daily chart around 88.66. Should it reverse here, the supports/ take profit levels are at 89,24 as first target  then 90.28

 Execution on Lower time frame

NDJPY H1 (18-5-2015)

NZDJPY M30 (18-5-2015)

 

Buy @ 88.67

TP @ fist target : 89.24 (short term)

TP @ 2nd target : 90.28 (Long term)

SL @ 88.13

Risk Reward: 1:4

 
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