Mean Reversion in NZD/JPY

I have been waiting a while for this.  I was probably stopped out twice

So the entry was based on the premise that we are in a series of lower highs and lower lows.  I was able to capture a short entry based on some level of "sell the rip" into 80.172.

The other Yen based names are getting stronger on the Yen side slightly USD/JPY etc

It is only a matter of time until the 50 period simple moving average catches up to the shaded rectangle at 78.5 and price reaches my target so I can cover this short position.

I will update posts based on other factors like adding size and if I need to reset targets.