NZDJPY: Bearish market condition, looking for shorts

Written by Raul Lopez on January 20, 2010. Posted in Trades & Analysis

The NZDJPY is in a clear bearish market condition, earlier this morning it broke through an important long term support level:

NZDJPY

My Trading Plan:

As long as the NZDJPY keeps trading below 66.59 I will be looking for short trade opportunities.

All long opportunities will be ignored.

Trade Safe!
Raul Lopez

Tags: Forex Crosses, nzdjpy, NZDJPY Analysis

Trackback from your site.

Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.

Trading should be simple

I like to trade using simple tools such as support and resistance levels, candlesticks, price action and others. If you like simplicity, you'll love my Forex Training. Read more about me.

If you have any question about anything, please feel free to contact me at: info@straightforex.com or call +1 518 300 3828