NZDJPY I’m watching NZD/JPY closely this week as the market approaches my Point of Interest (POI). This area has shown multiple strong reactions in the past, which makes it a key zone to monitor again.
The higher timeframes are still in a downtrend, so I’ll be waiting to see if the market gives a clear bearish engulfing candle once it enters the POI. That confirmation would signal a strong potential continuation to the downside.
If we get that reaction, I’ll be looking for entries aiming toward the next lower low. This setup could become a highly probable and profitable move if the market respects the zone once again.
