NZDJPY: Trend Following Setup Explained 🇳🇿🇯🇵
https://www.tradingview.com/x/itq7PXoo/
NZDJPY is trading in a long term bullish trend.
The price broke and closed above a key daily resistance this week.
After a breakout, the price started a correctional movement within a bullish flag pattern on 4h time frame. Retesting the broken structure, the price bounced and violated the resistance of the flag.
It will most likely trigger a trend-following movement.
I expect a growth to 89.65
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NZDJPY is trading in a long term bullish trend.
The price broke and closed above a key daily resistance this week.
After a breakout, the price started a correctional movement within a bullish flag pattern on 4h time frame. Retesting the broken structure, the price bounced and violated the resistance of the flag.
It will most likely trigger a trend-following movement.
I expect a growth to 89.65
❤️Please, support my work with like, thank you!❤️
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