. There is a possibility of temporary retracement to suggested support line (75.2). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. NZDJPY is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
Is this the start of a shadow channel
a channel that trends below the major level
These are fun to trade and profitable the next few days will confirm
In the meantime we shall stay long until we have a break
Our team have identified that institutional money is flowing into this pair with a BULLISH momentum.
Our team have identified that (4H chart analysis) institutions:
-Are manipulating retail traders with the recent break to the downside of the lower channel
-Manipulating the advanced trader with the recent higher lows causing the untrained eye to trade short.