NZDJPY Short Trade Setup - Eyeing Orderblock SMC FVG
🔍 Technical Analysis:
NZDJPY is showing potential for a short trade as it approaches the Orderblock SMC FVG zone. Historical analysis suggests this area has acted as significant resistance in the past. Monitoring for potential bearish signals. 📊 Trade Plan:
Entry: Consider shorting upon rejection or bearish confirmation within the Orderblock SMC FVG zone. Stop Loss: Place above recent swing high to manage risk effectively. Take Profit: Targeting support levels or previous lows. 🚨 Risk Management:
Employ proper risk management strategies. Stay informed about economic events affecting NZD and JPY. 📈 Disclaimer: Not financial advice. Conduct own analysis. Trade responsibly.
👉 Note: Monitor real-time price action for adjustments.
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