If you’re interested in learning more details about this trade and many of my others, check out this personal trading blog! The market gapped up into resistance to start the week on NZDJPY; moreover, I’ll call the gap a novice gap that gapped in the direction of the upwards short-term trend. Price is also below a downward sloping 50 simple moving average. These factors, as well as the bearishness we are seeing on NZD across the board, led me to put on a short NZDJPY. I’m set to enter at 87.32 with my stop at 87.92 and my target profit of 84.82. This means I’m risking 60 pips to gain 250, or a reward/risk of 4.17.