We had an analysis on NZD/JPY to the upside, as you can see that trade worked out to be a profitable trade, but why didn’t we take this one? the reason for us not taking this trade is down to already being in a JPY pair, so we didn’t want to double our risk as that is one our rules to only have one open position on any currency. the NZD also isn’t the strongest currency, it has been the third or fourth for quite a few weeks now and has been fluctuating from the positive to the negative. we only want to trade the strongest currencies against the weakest and those currencies have to have past history of strength and weakness for us to place a trade.



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