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NZDJPY: Potential Pullback Trade



NZDJPY is trading within a wide horizontal trading range on 4h/1h charts.


This night the price reached its support.


To catch a pullback from the underlined structure with a confirmation,

wait for a bullish breakout of a resistance line of a falling wedge pattern.


Then buy on a retest of the last lower high.


First goal - 77.35


In case of a bearish breakout of the yellow zone, the setup will be invalid.


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