NZDJPY - Long, wait for the break and retest of Resistance.
Hello Traders!!
Overall we have the begin of an uptrend.
Price is heading towards a resistance level and it's moving within a flat channel,
Wait for a break of Resistance (Ceiling)
Wait for a RETEST (Price Closes Above the previous level of Resistance)
Once Price Confirms Resistance as New Support(Floor). Enter the Trade.
Continuation of a Uptrend.
Good luck to you all.
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This idea does not provide any financial advice.
Overall we have the begin of an uptrend.
Price is heading towards a resistance level and it's moving within a flat channel,
Wait for a break of Resistance (Ceiling)
Wait for a RETEST (Price Closes Above the previous level of Resistance)
Once Price Confirms Resistance as New Support(Floor). Enter the Trade.
Continuation of a Uptrend.
Good luck to you all.
If you liked this idea, please like, subscribe and comment.
This idea does not provide any financial advice.
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