NZDJPY has just broken out of a flag and trhu a longer TF bearish trendline. There is also a case to be made for an inverted H&S
I am waiting for the retest of the trendline and neckline before entering a long position. Main level that could throw a spanner in this trade is the 82.50 level which has been decent resistance in the past.
The chart shows in pinkish the inverted H&S and dark blue the flag pattern and longer TF trendline.
My targets for the long go @ the clone tip of the flagpole, and stops just under the right shoulder.
Do you own analyis before following this please, I do appreciate your feedback, comments or thumbs up on this if you agree!