Tp 1 and 2 hit.
The main reason for shorting this pair was because of the structural shift of price from buyer to seller trap after months of bullish momentum on the monthly time frame which have noticed happens alot.
I believe this pair as started and will continue to fall in the coming months due to trapped liquidity in the downside so try to hold until you're satisfied with profits
NOTE
This is a very slow pair therefore requires lots of patience and should be considered for swing only.
Analysis was based on the WEEKLY TF while my entry was on the the 4H TF
The red flags are my take profit zones.
The main reason for shorting this pair was because of the structural shift of price from buyer to seller trap after months of bullish momentum on the monthly time frame which have noticed happens alot.
I believe this pair as started and will continue to fall in the coming months due to trapped liquidity in the downside so try to hold until you're satisfied with profits
NOTE
This is a very slow pair therefore requires lots of patience and should be considered for swing only.
Analysis was based on the WEEKLY TF while my entry was on the the 4H TF
The red flags are my take profit zones.
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Short NZDJPY
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