Short NZD/JPY

Trade Type : Short

Entry @ 61.00

Stop loss @ 62.00

Take Profit @ 59.00

Reward-to-risk Ratio : 100 pip vs 200 pips 1:2

Risk percentage : 2%

Indicator used : Stochastic (14,3,3), Time frame is Daily

Trade Rationale : Long term resistance could be seen @ 61.00, Stochastic is also oversold and majors are under pressure.

Trade Adjustments: I will set to break even once pair will reach 60.00 mark and subsequently trade will be close on profit taking.

Result: Guess market has it’s own plan, SL Hit :frowning: