NZDJPY: Bearish Outlook Explained 🇳🇿🇯🇵
I spotted one more example of my breakout trading strategy.
NZDJPY broke and closed below a key daily horizontal support.
Retesting the broken structure, the price formed a horizontal range
on an hourly time frame.
A breakout of a support of the range is a strong intraday bearish signal.
We can expect a down movement at least to 87.1 level now.
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