Yesterday I showed an NJ chart where price looked like it was respecting a lower resistance zone. However, today there was a massive buy and price made a bullish move to a higher resistance zone. The same applies. Monitor price at this current zone and see if we get a reversal pattern on a lower time frame. This is why it is always important to not blindly enter trades and always drop to a lower time frame for more detail and to see the patterns form before an entry.
Beyond Technical AnalysisChart PatternsNZDJPYreversalpatternTrend Analysis

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