NZDJPY BUYS?As you can see, NJ retraced deeply into the OTS (Optimal Trading Segment) on the daily timeframe. The red line, where the price is currently sitting, can be seen as a daily demand zone.
Looking at the 4H price action, you can observe strong bearish pressure, which is why I need confirmations on a smaller timeframe. What I like is how the price has stopped at this level and is now consolidating, forming new structure points on lower timeframes. The 15-minute structure looks clean to me and Flip happened so I will be looking for buys there.
Blessings, T
