FX:NZDJPY   Neuseeländischer Dollar / Japanischer Yen
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Retest back into a fresh supply zone , possible retracement, a short opportunity.

Stuff to remember:

— First look for significant move, then follow it to its origins where you might find a suitable level to evaluate further

— Make sure the initial move is significant on the same timeframe as the one you use for viewing your candidate level most clearly

— Check the distance that price traveled before the trend ended, longer distances mean larger initial imbalances and improved probabilities in the future

— The strong initial move can contain a few small retracements but not so many that make this move slow and weak

— Avoid opposing levels on the same and immediately higher timeframes, prefer to have a clear road ahead for your trade to run

— Make sure your level is placed correctly (low for Demand, high for Supply) in relation to the big picture's important tops and bottoms

— Trading the first return of price to a valid "fresh" level carries the highest probabilities due to the larger imbalance

— A valid level is considered "fresh" if price has not returned to it since its creation. It has nothing to do with how old the level is
I THINK IT WILL GO DOWN EVEN MORE WONK
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Interesting and helpful analysis, thank you!
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Tradewonk OceanBlue
@OceanBlue, No problem!
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Getting close!
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Whats your long term target? Mine is around 79.5.
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@Jamal92, AM EXPECTING 72.203
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