NZDJPY Intraday Trade Long + 250% Return

NZDJPY was in a maro long term up trend and we were waiting for an appropriate opportunity to take advantage.

After the trend retraced, we waited for price to establish a new higher low before looking for a trade opportunity on the intraday time frames.

We used our "Momentum Strategy" to set up our orders on the 15 minuet chart.

The NZDJPY long trend continued, and we closed our positions booking a 2.5 times reward to risk, or a 250% return on the trade.

The reason we closed out of our trade when we did, was because price was approaching a long term resistance level evident on the macro time frames, which could have (and did cause the market to decline after reaching it).

Tip: it's always a good idea to keep an eye on the macro picture on every market you trade regardless of the time frame you happen to be trading off.