Sell Setup for NZDJPY

Daily: we have a clear liquidity grab at the highs and you can see price aggressively came back down

1H-4H Timeframe: We see multiple market structure shifts to the down side. Also with in the range of the initial move low from the highs, we see even more liquidity grabs at "resistance zones"

This gives us more confirmation that the market has intentions of going lower.

With the bearish order block I highlighted, we see an aggressive move down with multiple fair value gaps also known as "imbalance."
Price tends to come back and mitigate these areas in order to "balance the market" or so the big boy fund managers can close some of their hedged positions.

If price retraces to the fair value gap is in the premium zone, then you can look for sells based off your own rules.
Just to recap the premium and discount zones, after retracing the range down from high to low, anything above the 50% level is a premium zone where the risk to reward ratio for a sell is in your favor.

In the discount zone, the risk to reward ratio for a buy is in your favor.

Targets is at the lows of previous "support zones" also known as sell side liquidity, these areas are literally a magnet for price because so many orders rest below them. #OPINIONLEADER#