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London Open Trap Strikes Again On The NZD/JPY

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NZD/JPY 3m Chart NZD/JPY 3m Chart

A good example of the session crossover traps which occur at the London open and this example is on the NZD/JPY 3 minute chart this morning. Note the initial selling and sign of weakness on high volume which appears first, then followed by the two confirmation candles before the reversal beings.

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London Open Trap Strikes Again On The NZD/JPY | Ecency