nzdjpy so tricky

the obvious direction is to sell
but the pair might retest the top of the flat channel again and continue to go lower - option 1
OR break the flat and continue wave 3 upward - option 2
eventually, we await to see the bigger move on option 3

if not so clear, allow the pair and let it play

Kommentera:

the option in play based on price action:
OR break the flat and continue wave 3 upward - option 2