Great buy structure on the NZDJPY. The depth of the correction provides for a tight stop loss and far take profits. If price dives below the red line danger zone we can say that the pattern is invalid. In further investigation you will also find that there is MACD divergence that signals a break out. It may not be long term but if we are correct the move will be fast!
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A correct analysis and great trading opportunity. We do not aim to be right all the time but we aim to find the right opportunities