Wednesday, February 18, 2015

Closed - Long NZDJPY (opened 12 Feb 2015)

My long on the NZDJPY just hit it's profit target. Bullish news came out yesterday (NZD retail is up, JPY GDP is down), and it seems as if the bears gave up today. At the moment, price is at resistance at 90.00. I'll keep an eye on this level for the next few days and see how it reacts. 

My profit target was 0.75R, which is low, but the setup didn't give me much room for a large reward.

My EURNZD short is still open, but it's not doing much.

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