✅NZD_JPY was trading in a rising wedge
But now we are seeing a bearish breakout
So I am bearish biased and I think
That the price will fall down
To retest the demand level below
SHORT🔥
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Pair broke-out of the descending channel now forming an ascending channel, touched the ascending resistance twice and now showing signs of breaking out. A risky entry would be to buy now or alternatively wait for the 1H or 4H candle to close before buying.
market has reached daily resistance level
Nice Gartley formation ( harmonic pattern)
bullish engulfing on 4H
enough confirmation to enter this trade with stops above swing high
good luck
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