NZDJPY Rising Wedge Breakout
Updated
The pair is already in a strong downtrend on higher time frames. We are expecting further weakness which is signalled by the breakout of the rising wedge pattern. We can also see the formation of a new low and a breakout of a key level which further supports our directional basis.
Note
Price seems to be gaining downward momentum in the direction of the trendTrade closed: target reached
Huge spike to the down side.
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