NZD/JPY 1/26/2021 16:30 (DEMO)
NZD/JPY 1/26/2021 16:30 DAYTRADE
Fundamental/Sentimental
News Events: News events too far away to affect price within the lifespan of the order.
Market Sentiment:
Technical
Time Frame Analysis:
Reason for Trade: Exhaustion on an impulse at a resisting trend, strong 61.8 structure and a supporting trend seemed like a good landing spot for price.
Indicators: RSI checks out. Relatively high with potential for a few wicks to enter into the order.
Entry
Order: Limit sell at 75.109
Position: 0.03, 5000USD
RR: 3.12
Fundamental/Sentimental
News Events: News events too far away to affect price within the lifespan of the order.
Market Sentiment:
Technical
Time Frame Analysis:
Reason for Trade: Exhaustion on an impulse at a resisting trend, strong 61.8 structure and a supporting trend seemed like a good landing spot for price.
Indicators: RSI checks out. Relatively high with potential for a few wicks to enter into the order.
Entry
Order: Limit sell at 75.109
Position: 0.03, 5000USD
RR: 3.12
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