NZDJPY Short term sell setup
Updated
In the name of God, who is ever knowing and all wise.
NJ presented with a nice confluence zone for a short term sell with 1/3 RR. Price is near a long term descending channel and also good supply zone. Bank will take profit of the longs positions before heading to the up side as per COT analysis. If price breached the ascending trend line , then the next profit zone would be the next lower support.
I will be shorting with a market sell order if the price didn't reach my entry price above and break the blue line.
NJ presented with a nice confluence zone for a short term sell with 1/3 RR. Price is near a long term descending channel and also good supply zone. Bank will take profit of the longs positions before heading to the up side as per COT analysis. If price breached the ascending trend line , then the next profit zone would be the next lower support.
I will be shorting with a market sell order if the price didn't reach my entry price above and break the blue line.
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