NZDJPY: Bear looking to exert control?

2019-12-22 21:10:14

After a strong bullish run the week before, it ends the weak with an inverted hammer. Showing sign that the Bull might have run outta steam. On Tues, Bear try to exert control but without much success with the weekly candle ended as a doji inside bar. Currently, price are deep into a monthly and weekly SZ. I see a good risk/reward to go SHORT at the highlighted H4 SZ.

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