The 4hr wedge was broken last week and the bottom trendline has now been retested. Although there is no real Fibonacci Retracement level here, there is a lot of structure to the left and I believe the overall bearish trend should continue.
Stop loss is above previous highs to be safe.
Stop loss is above previous highs to be safe.
Trade active
Note
NZDJPY is looking a bit choppy/messy but I have accepted the 1% risk so will just let it play out.Note
Nice 1hr flag continuation forming on this pair. Potential for another scale in entry nowTrade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.