I’ve taken a non-trading vow for all things to do with the NZD but there are some people out there who I know enjoy walking on hot coals and trading NZD/JPY.
This is a strategy from a professional technical trader who went short this morning at 65.83 with a stop loss at 66.70 and a t/p at 63.10. That’s a pretty decent risk-reward. I know he uses chart formations, trendlines and MAs to get his signals but I’m not sure which combination he’s using for this particular trade. His last two have been winners so that either means that he’s on a hot streak or he’s due to get one wrong! Sorry, don’t know which.
