NZDJPY: Key Level To Watch For A Sell Setup

NZDJPY is overall in a correction with price rising and heading to a slide parallel of a downslope median line. At the same level we have the 0.382 fib level of previous down wave. We should wait for a breakout below the rising channel where price is moving and wait for a sell setup to complete based on our strategy. A more aggressive way to trade this, is to watch for a setup id price reaches the slide parallel.

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