NZDJPY: Your Detailed Trading Plan 🇳🇿🇯🇵

29 сент. 2022 г.

NZDJPY is stuck on a key horizontal structure resistance.

To catch a bearish move from that, watch 81.7 - 81.9 area.
It is a horizontal neckline of a double top pattern.

To sell with a confirmation, we need an hourly candle close below the neckline to confirm a breakout.
Then shorting on a retest, our target will be 80.7

Remember, that the price may respect a neckline. If the pair sets a new high, the setup will be invalid.

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