NZDJPY H4 SHORT PRICE ACTION FORECAST

With the price in consolidation within an ascending channel, wherefrom a W1 outlook price has just found rejection from the resistance trendline, under a bearish bias, allows for the following setups:

Position 1:
Price continues to form the channel reaching the resistance level with a buy-limit order
S/L: 145 pips - R:R | 1:3
T/P: aiming towards the demand zone

Position 2:
Price can manage to breakout support line form the channel, triggering order with the following price correction with a buy-limit order
S/L: 120 pips - R:R | 1:2
T/P: aiming towards the demand zone