NZDJPY Update: Reassessing Entry After Stop-Out

NZDJPY has hit our stop loss, but there's no need to worry. With approximately 9 minutes remaining on the current H1 candle, I'm looking for price to form a significant bearish candle, similar to the example I've illustrated. If this scenario plays out, I'll enter another short position.

We'll have to wait and see how this trade develops. If I get stopped out again, I'll exercise patience and wait for another confirmed entry signal.

I've included a link to the previous trade in the comments for reference.

Tradebudz.