NZDJPY: Potential Structure Trade Explained
NZDJPY is growing sharply during the last two weeks.
This morning a 78.0 level was reached.
Being a strong daily structure resistance I am looking for shorting opportunities from there.
The pair is currently growing within a rising parallel channel .
Being within the market remains bullish .
We need its bearish breakout (4H candle close below its support) to confirm a reversal.
Goals will be 76.8/76.3
In case of a bullish breakout of a yellow zone,
the setup will be invalid.