[Sell Limit] NZDJPY is Bearish - We look to Sell at 66.08
▪️ Negative overnight flows lead to an expectation of a weaker open this morning. ▪️ Price action continued to range between key support & resistance (66.16 - 63.46) and we expect this to continue. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 66.08, resulting in improved risk/reward. ▪️ Expect trading to remain mixed and volatile.
False breakout occour:
Now liquidity formed for hedge funds to sell.
This was a good trick by hedge funds.