TheBearTrader1

NZDJPY- Longs on 4H candlestick close

Long
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
We are in a prime area for longs here, we can see that price broke out of this descending trendline, to the upside, creating a higher high, we have now retraced to the 50Fib level, the 50EMA and testing the trendline as support, these are big levels to break, therefore if we get a nice 4Hour close I will definitely buy this pair.
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