NZDJPY Sell Opportunity at Key Resistance Level

Price has reached the slide parallel of an active median line where it bounced dropping into an impulse. A correction has followed forming a bearish flag pattern, which we may trade if price breaks below it.

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A smaller flag has formed in the lower timeframes. Selling this smaller flag can give us a much better risk/reward ratio aiming for the quartile of the median line as shown at the initial chart