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.
Happy Trading! 🌐💹
🔍 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.
Happy Trading! 🌐💹