SergeantPringles
Long

NZDJPY - 2H - Cyhper at major support area

FX:NZDJPY   New Zealand Dollar/Japanese Yen
NZDJPY             is retesting a major recent support level , so i was looking for buy signals. this cypher is far from nice (C a bit overextened) but on a daily timeframe its still a valid cypher . regardless, i wanted confirmation befor goin long, yesterday we saw the first atempt of a breakout from the downward channel , followed by downward consolidation. you can trade the breakout if you like, but my tradeplan is the blue dotted line - so break and retest.
Comment: here the daily timefram
Comment:
snapshot
Comment: price is following the blue line nicely. i wanna stay a little bit more patient and wait for price to fall a little more so i can take easy 1:1 profits before retesting the highs we made after the breakout. tg2 will then aim for trendcontinuation following the dotted line further.
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