RaynLim

Potential Bearish Moves Amidst Bullish Signals

Short
FX:NZDJPY   Dollar Néo-Zélandais / Yen Japonais
NZDJPY presents an intriguing trading setup despite being a counter-trend trade.

The observation of a Bearish Shark Pattern checkback on the Weekly Chart, along with RSI Divergence, adds weight to this potential trade opportunity.

I'm waiting for a shorting opportunity on lower timeframes and, specifically, looking for a 1-1 trading setup, intending to initiate a short position at 91.99 on the Daily Chart.

Trade plans can vary among traders based on their analysis and risk management approach.

What's your trade plan or strategy for NZDJPY?

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