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NZDJPY – Potential pullback for short !!! for FX:NZDJPY by mulchen

Hello everyone, if you like the idea, do not forget to support with a like and follow.

The following confluences have been observed and satisfied with the direction of market. Our trading plan is to bid at better price and hoping the market pick up our bid and move further with trend.

1. (D1)(Y)(MUST) AutoClimate confirmed (Curr:3 / Std:5.79)

2. (H1/H4)(Y)(MUST) UFO is not within whitespace

3. (M55)(Y)(MUST) UFO structure is DBD or RBR (NOT DBR or RBD )

4. (M55)(Y)(MUST) UFO Leg-out is significant

5. (M55)(Y)(MUST) EMA9 Daily inside UFO area

D1/M55
NZDJPY SELL @ 77.024

SL 77.450 (42.6)

TP 76.124 (90.0)

CANCEL WHEN D1 autoclimate reset counting

CANCEL WHEN EMA200 & EMA9-daily has exceeded too wide with UFO

Disclaimer Notice !!!

The plan that shared here are not 100% confirm winning trade. There is no such thing as “always win” strategy. There will be a time we will face losing in rows. We are not pursuing high winning rate here. With good money management, we can be consistent profit in the long run.

Any trades you decide to take are your own. The trades shared here are for educational/informational purposes only and are Mulchen’s personal trades.

Good luck!

~Mulchen, CISSP

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