WK25, NZDJPY, Long, rising channel
Daily analysis
After the recent long bullish move price has made a retracement and may be starting it's next bullish leg.
1H analysis
Price action shows that we are now in a bullish trend - but if this is will be strong enough to create a higher high we cannot be sure.
It seems price is in a parallel channel though and we can try to take advantage of this.
If there is a retracement to the blue zone around 68.80 and a 1H rejection candle of the bottom line of the channel we can expect a move to the upper line again.
After the recent long bullish move price has made a retracement and may be starting it's next bullish leg.
1H analysis
Price action shows that we are now in a bullish trend - but if this is will be strong enough to create a higher high we cannot be sure.
It seems price is in a parallel channel though and we can try to take advantage of this.
If there is a retracement to the blue zone around 68.80 and a 1H rejection candle of the bottom line of the channel we can expect a move to the upper line again.
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