NZDJPY: Potential Pullback Trade

8 Apr 2021

NZDJPY is trading within a wide horizontal trading range on 4h/1h charts.

This night the price reached its support.

To catch a pullback from the underlined structure with a confirmation,
wait for a bullish breakout of a resistance line of a falling wedge pattern.

Then buy on a retest of the last lower high.

First goal - 77.35

In case of a bearish breakout of the yellow zone, the setup will be invalid.

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