Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Daily: Left Chart
NZDJPY has been overall bullish trading inside that big wedge pattern; and it is currently retesting the lower bound / orange trendline.
on H1: Right Chart
For the bulls to take over, and activate our buy setup, we need a break above the last high in gray.
Meanwhile, NZDJPY would be bearish and can still trade lower, especially if the 87.0 daily low is broken downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich