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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