NZDJPY - Sellers are setting up for the next leg south
Here we are on Kiwi/Yen daily chart and as we can see this market is in down trend. price was just pulled back and smashed towards Resistance level which is nearly at 74.58 and now we can see price is forming false breaking setup wait for NY session close it may form as bearish outside bar / bearish engulfing. we will be getting in sell shorts here. There are three main confluence factors aligning here such as trend, horizontal level and signal (which is in progress wait for NY close). safe trading!
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