Price has been choppy since I entered my long trade at 77.21. The 1st target has been hit and I took part of my trade off .

 

Interesting to note that we have now reversed down again and are in the process of testing the neckline where I have added back. I am going to keep a tight stop on the new long trade and attempt to keep my core trade from lower levels in play. My second long is marked by the yellow arrow on the chart below. Link to my original post 

If the second trade fails at the trendline / neckline, I will consider abandoning the trade and taking profits from my first position. This will be my line in the sand going forward.

 

NZDJPY Hourly live

 

The original chart shown below

 

NZDJPY Hourly chart

 

Horatio Dubsly

Collects more scalps than Crazy Horse and newly crowned Bitcoin & Dow top calling master.
Philosophy: "Trading rules.....it most certainly does"

Read how Horatio got into trading here
Horatio Dubsly

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