FX:NZDJPY New Zealand Dollar/Japanese Yen
NZDJPY is retesting a major recent , so i was looking for buy signals. this is far from nice (C a bit overextened) but on a its still a valid . regardless, i wanted confirmation befor goin long, yesterday we saw the first atempt of a breakout from the , 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: 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.