NZDJPY, Retracement to gain momentum for buyers
NZDJPY is looking to continue its growth after a short term retracement retesting the 84.50 level. As you can see price has created multiple higher lows indicating a bearish run may not be likely at this moment.
Price impulsively broke out of the upper trendline of a reversal structure surpassing previous highs which we should see further upside after a short pull back.
Be patient with your entry, ensure your criteria for entry is met.
Thanks
Trade Safe
Price impulsively broke out of the upper trendline of a reversal structure surpassing previous highs which we should see further upside after a short pull back.
Be patient with your entry, ensure your criteria for entry is met.
Thanks
Trade Safe
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