FX:NZDJPY   New Zealand Dollar / Japanese Yen
As you can see NZD/JPY recently broke above the consolidation/Ranging level. and has RETESTED it.

Now we need to see if this was a fake breakout or it will actually continue in Buy.

if it comes back in the consolidation range then it was a fake breakout BUT if it breaks above the previous structure at around 71.950 then it should continue going up till next resistance level which is at around 73.45.

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If you have a better idea or you disagree with me then please let me know in the comments

A Like would be appreciated.

Comments

...good set-up, if it stays above 71.25 to go long as you say; good luck.
Reply
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