FX:NZDJPY   New Zealand Dollar / Japanese Yen
Good evening traders, I am currently looking at this currency pair predicting a short.
My few reasons for doing so:
1. Market has been in this 250 pip range for quite a long time and this can be observed on a daily timeframe too.
2. We just had a rejection of higher prices meaning our resistance area is still valid.
3. Price created a bearish engulfing pattern previously in this area.

Always do your own analysis before placing any trades and make sure of using proper risk management.

I always set my TP slightly higher then the actual zone to ensure profits in case of sudden pullbacks all the way to the starting point.


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