Hello traders. This is a setup for NZD/JPY the market is creating a smaller pattern to rising wedge but a little bit not clear enough,
As seen on my daily time frame, we don't know if the market will respect our support trend line Been notified on the market but it has already given us a clear view by those 3 points have been under with (curve) first hit at 74.650/ second hit at 76.371 / and current hit at 79.626,
If looking to buy NZD/JPY we need to stay updated with This area
HERE
Formula (1)
I'm expecting the market to push up to 80.00 after a retest at
Formula (2)
if the market broke even our trend line and then create a retest then this is a good sell opportunity
Good Luck