Trader856

POTENTIAL LONG ON NZDJPY

Long
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Evidently there has been a breakout of a channel which could allow for a potential long trade with a good R:R. Also there seems to be a bearish engulfing candle on the 4 hour time frame at a supposedly strong zone, but unlike previous rejections at that zone, the momentum to the down side is not as strong which may be confirming the bullish bias.

*NOT FINANCIAL ADVISE* Merely an opinion.

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