NZDJPY prices got into a bullish flag pattern for last few days . I'm showing you 4h chart for more precise analysis , but if you open the daily chart and pay attention to RSI , you can see that it has been lower than 50 for a few days but it broke 50 resistance on RSI and made a new high in last couple of days
Back to 4h chart and price :
price was unable to make a new lower low and instead made a higher low on 76.00 as I marked it with white zone
that is a good sign for a trend reversal
in last swing price mad up its way toward the upper flag trend line , I'm waiting for some closes above that resistance to buy
Back to 4h chart and price :
price was unable to make a new lower low and instead made a higher low on 76.00 as I marked it with white zone
that is a good sign for a trend reversal
in last swing price mad up its way toward the upper flag trend line , I'm waiting for some closes above that resistance to buy