NZDJPY has broken the ascending channel down and indicators are showing bearish momentum while the pair is currently oversold on both the Stoch and RSI on the 1HR chart. I believe waiting for price to possibly retest around the broken channel to re-enter if you've missed the chance and aim for 79.500
Trade active
Price retraced back to .382 fibNote
Price seem to form a descending triangle on the 1HR chart. Watch for a break out to the downside for another chance to enter on this trade if you've missed previous entry or to possibly add on to your position.Trade closed manually
Trade closed due to fundamentals.
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Disclaimer
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.