As there's just been a major Bearish breakout, we must wait for further action before we take a position here. Will price break back inside the level and print a Bullish setup? or will this new resistance hold and and reject price down further? Wait for price action and only engage when it's formed.
breakoutbreakouttradingChart PatternsForexLONGNZDJPYshortTrend Analysis

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