I'm expecting a volatility
shift this week out of the Aussie and NZD. NJ is currently trading at a major liquidity zone in between the 61.8% and 78.6% fibs. From a technical perspective, I'm expecting NJ to be rejected at current levels, break the previous low of 75.441 to my downside target of 75. My stop-loss is recommenced above the previous high above 76.8.
I am waiting for further confirmation at these current prices before publishing a signal short, but I will be entering this position on a smaller sized-lot and taking the risk! Stay tuned.
NZD/JPY Sell (Short)
TP1: 75 (+150 pips)
SL: Above 76.8 (-30 pips)