NZDJPY has broken the ascending channel down and indicators are showing bearish momentum while the pair is currently oversold on both the Stoch and RSI on the 1HR chart. I believe waiting for price to possibly retest around the broken channel to re-enter if you've missed the chance and aim for 79.500
Trade active:
Price retraced back to .382 fib
Comment:
Price seem to form a descending triangle on the 1HR chart. Watch for a break out to the downside for another chance to enter on this trade if you've missed previous entry or to possibly add on to your position.
Trade closed manually:
Trade closed due to fundamentals.