I could imagine buying NZDCHF where it is now (@ 0.6407) with a stop loss of 0.6399 and a take-profit target of 0.6418. But for me, it would be risky because my short-term signals are bearish at the moment. First, I would need to see it begin climbing again, like it did roughly three hours ago.
Sure @expiated I had opened the trade with 0.07 lost size and unfortunately, I did not earn anything significant,
Whereas pairs like AUDUSD and NZDJPY pullbed back as I'd hoped, GBPJPY refused to fall any lower than 142.16. So, taking this into consideration along with the fact that my longer-term signals are still bullish, I decided to risk entering a long position now and watching closely to see if the pair can break through resistance in the neighborhood of 142.62.
GBPJPY saw a sudden (4 minutes) jump in price, so I decided to go ahead and capitalize on it (adjusted my levels) while I had the chance for about 13-pips worth of relatively quick profit.
One could buy NZDCHF at this time (my short-term signals are now bullish) but I would have to wait for confirmation, and that won't happen until the candlesticks reach the spot where the two red diagonal lines form an X.