NZDJPY – 89.30 Resistance Zone: Bears Prepare for a Downside Move

🔴 NZD/JPY Sell Signal

Sell Zone: 89.140 – 89.290
Stop Loss: 89.540

Take Profit 1: 88.890
Take Profit 2: 88.460

📚 Educational Market Idea:

NZD/JPY is approaching the 89.140–89.290 zone, where sellers may step in and create bearish pressure. If this area holds as resistance and bearish price action confirms selling momentum, the pair could decline toward 88.890, followed by 88.460.

Watch for bearish confirmation, such as a bearish engulfing candle, a failed breakout above the sell zone, or a breakdown below nearby support before entering.

📌 Trade Management:

Consider securing partial profits at TP1 and allowing the remaining position to target TP2 if bearish momentum continues. Protect profits as price moves in your favor and follow your predefined risk-management plan.

⚠️ Risk Disclaimer: Forex trading involves substantial risk. This is an educational trade idea, not a guarantee of profit. Always use proper risk management and never risk more than you can afford to lose.