Potential Long NZDJPY after bullish flag, trendline break
NZDJPY has just broken out of a flag and trhu a longer TF bearish trendline.
There is also a case to be made for an inverted H&S
I am waiting for the retest of the trendline and neckline before entering a long position.
Main level that could throw a spanner in this trade is the 82.50 level which has been decent resistance in the past.
The chart shows in pinkish the inverted H&S and dark blue the flag pattern and longer TF trendline.
My targets for the long go @ the clone tip of the flagpole, and stops just under the right shoulder.
Do you own analyis before following this please,
I do appreciate your feedback, comments or thumbs up on this if you agree!
There is also a case to be made for an inverted H&S
I am waiting for the retest of the trendline and neckline before entering a long position.
Main level that could throw a spanner in this trade is the 82.50 level which has been decent resistance in the past.
The chart shows in pinkish the inverted H&S and dark blue the flag pattern and longer TF trendline.
My targets for the long go @ the clone tip of the flagpole, and stops just under the right shoulder.
Do you own analyis before following this please,
I do appreciate your feedback, comments or thumbs up on this if you agree!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.