On NZD/JPY, it's nice to see a strong sell-off from the price of 91.640. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with the volume and a strong volume area, is my main reason for this short trade.
Happy trading,
Dale
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with the volume and a strong volume area, is my main reason for this short trade.
Happy trading,
Dale
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