1H Analysis on NZDJPY
Updated
Hello traders. On this 1H analysis of NZDJPY, we have a falling wedge setup with a support level within the buy zone identified. There is good rejection from the support level and this area would be a good entry point for a long position. A good place where price may go next would be to the resistance level in the 83.800 region. A SL should be appropriately placed below the buy zone identified.
Trade closed manually
Price came pretty closer to the projected targetNote
Price eventually broke pass the projected target but not before coming close to our SL.
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