The Forex Mechanics are going long on NZDjyp today we place a Buy Top at 93.10 and we place Take Profit at 93.60. We will lock profit at 20 pips and allow others to run.
We are waiting for 96.05 level to be broken. The moment it breaks the price to the North we will continue along the North. Because the yen is falling against all the currencies today. Once the price level is broken we are not waiting for pull back.What we did was place 5 pips above the price level. Once the buy stop is taken we are in for 20 pips.
Our sell stop was not taken yesterday so no pains. CAD pairs are very slow. so we will let you know its condition later.
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