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FibsNProfits

NZDJPY Shorts to continue

Short
New Zealand Dollar / Japanese Yen (FOREXCOM:NZDJPY)  
FibsNProfits Updated   
FOREXCOM:NZDJPY   New Zealand Dollar / Japanese Yen
Supply and Demand
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supplyanddemand
NZDJPY has enter Phase C of a Wyckoff Distribution Schematic. Expecting continued shorts towards the middle of the trading range, followed by a mitigation/test of the UTAD that was created. From There I can see NJ continuing towards the bottom of the trading range.
Order cancelled:
Price failed to properly distribute. After creating the Up Trust After Distribution, Price did not break structure to the downside allowing for an entry.
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