NZDJPY Long
The Kiwi Dollar has been pushing the Yen higher.
My previous short bias was stopped out, as the market ran straight through the bearish resistance line.
We now have a clean break to the upside, with several key levels the market will be hunting out.
There isn't a huge amount of protection to use as a stop loss guard, so this is a higher risk trade.
If we break 75.22 i will be looking at scaling in another position with a trailing stop.
My previous short bias was stopped out, as the market ran straight through the bearish resistance line.
We now have a clean break to the upside, with several key levels the market will be hunting out.
There isn't a huge amount of protection to use as a stop loss guard, so this is a higher risk trade.
If we break 75.22 i will be looking at scaling in another position with a trailing stop.
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