VasilyTrader

NZDJPY: Top-Down Analysis & Trading Plan 🇳🇿🇯🇵

Long
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen

NZDJPY broke and closed above a key daily structure resistance yesterday.
The broken structure turned into support.

After a violation, the pair became overbought and we see a correctional movement at the moment.
The price is steadily falling within a bullish flag pattern.

Your bullish confirmation will be a breakout of the flag's resistance.
Let the candle close above that, that will indicate the strength of the buyers.

A bullish continuation will be anticipated at least to 90.9 level then.

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