NZDJPY SHORT | NEW TRADENZD/JPYOANDA:NZDJPYdarlwrightNZDJPY | NEW SHORT TRADE — VMS ALIGNMENT We've entered a short position on NZDJPY after watching a very clean VMS setup develop. The first thing that caught our attention was Structure. Price has returned to the same major resistance area multiple times, creating a clear triple-top formation. More importantly, we're seeing repeated rejection each time buyers attempt to push through this area. On the latest test, that rejection produced our trigger: Bearish Engulfing Candle ✅ Then we move to Momentum. Price returned to the highs, but momentum did not confirm that strength. Instead, we have a clear bearish divergent setup with the bearish hook now developing/completed. Bearish Divergence ✅ Finally, we check participation. 4H Volume: 91 ✅ That's the sequence we're looking for: STRUCTURE → MOMENTUM → VOLUME → EXECUTION One thing worth emphasizing: we're not short because this is a triple top. We're short because the triple top established an important area, price rejected that area, the bearish trigger developed, momentum confirmed the weakening move, and volume supported the setup. Now the trade is live. That doesn't mean NZDJPY has to go down. It means the evidence aligned sufficiently for us to define our risk and take the trade. Now we manage it and let the market decide the outcome. Preparation • Execution • Consistency