OGFXTRADER

NZDJPY starting the month under bearish bias

Short
FX_IDC:NZDJPY   New Zealand Dollar / Japanese Yen
The pair reached a strong level from the weekly realm, acting as resistance; the previous week, the market closed with a bearish pin bar , giving some confirmations for the downtrend movement to come.

Now moving into the intraday domain at H1, the price has failed to form a fresh HH, looking for additional bearish confirmation to place a short entry with a potential R:R | 1:5

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Comments

Thanks for your insight
+1 Reply
OGFXTRADER Dave-FX-Hunter
@Dave-FX-Hunter Thx for your comment 🙌🏼
Reply
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