HELLO TRADERS, THIS IS MY LONG SETUP FOR THIS PAIR. A PULL BACK TO THE NECKLINE/SUPPORT WHICH WAS PREVIOUS RESISTANCE AFTER A BREAK TO THE UPSIDE IS THE STUFF OF DREAMS FOR BULLS.

NZDJPY H4

MARKET IS BULLISH, 21 IS ABOVE THE 55. PRICE IS BULLISH. STOCHASTICS JUST TURNED NORTH AFTER BEING OVERSOLD. I WENT LONG AT ROLE REVERSAL SUPPORT WHICH COINCIDES WITH THE 38,2 FIB, WITH A TARGET OF 161.8 IN MIND.

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