DeGRAM

DeGRAM | NZDJPY false breakout of the channel

Short
FX:NZDJPY   New Zealand Dollar / Japanese Yen
NZDJPY has been creating lower lows and lower closes in the descending channel.

The market pulled back from its support level following AB=CD completion.

The market created a pullback trading opportunity at resistance and the 50% fibo level. 

We expect the price to drop from the kill zone and go down from there.


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