skydansh

elliptic zone

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OANDA:NZDJPY   紐元 / 日圓
everything clear on the chart.
the price is an area with concentrated strong resistance which convinced us to have a fall from there.

notice that it would be a big risk getting into the position without confirmation. get the confirmation from 4H.

if the zone is broken, we should look for the pullback (dashed arrow).

good luck.
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