mcpeacocks
Long

Potential Long NZDJPY after bullish flag, trendline break

FX:NZDJPY   New Zealand Dollar / Japanese Yen
NZDJPY             has just broken out of a flag and trhu a longer TF bearish trendline .
There is also a case to be made for an inverted H&S

I am waiting for the retest of the trendline and neckline before entering a long position.
Main level that could throw a spanner in this trade is the 82.50 level which has been decent resistance in the past.

The chart shows in pinkish the inverted H&S and dark blue the flag pattern and longer TF trendline .

My targets for the long go @ the clone tip of the flagpole, and stops just under the right shoulder.

Do you own analyis before following this please,
I do appreciate your feedback, comments or thumbs up on this if you agree!
good analysis man, when you go to 1h time frame you'll see an inverted h&s with target 82.60 which is exactly the resistance level which you were referring too!

Great!
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