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Possible price action

New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
Pin_Point_Signal_Service Updated   
FX:NZDJPY   New Zealand Dollar / Japanese Yen
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On 15 minute chart we can see that price is moving inside of channel. This indicates that some break out should happen. Price has already broke down small flag formation and it should retest support trend line. If retest happens there are two possible scenarios. First scenario is continuation to the down side all the way to 61.8% fibonacci retracement or break out to the up side and start of up trend.
Comment:
Nice fall down. Price is testing trend line and RSI showing deivergence which indicates possible change of trend to the up side.

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Comment:
Agressive entry with R/R 1:2.5

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Comment:
Move stop to break-even.

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Possible price movement

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