Range resistance is broken and I expect to see pull back to the (new) support level and then long for the new bullish leg. If I got SL, I'll be looking to take another buy around 72.20.
NZDJPY BUY LIMIT 74.40
I AM EXPECTING THIS REVERSAL INTO THIS
RESERSAL RANGE BUFOR WE CONTINUE OUR
UPTREND. FOR ALL THAT ARE FOLLOWING I
AM SURE YOU WOULD HAVE SEE HOW GOOD
THIS HAS GONE.
SEE PREVIOUS ANALYSIS BELOW
LIKE, FOLLOW AND COMMENT
Shown in this example is the Monthly timeframe of the NZDJPY where we are currently sitting at the potential formation of a right shoulder in a reverse head and shoulders pattern. At the moment this market is showing respect for the low that was established at the left shoulder right around the 73.11 level. The ability for this market to stay above the left...