FX.co ★ NZD/JPY

Hello traders, NZD/JPY, technical analysis A bearish divergence on the Stochastic oscillator worked perfectly in conjunction with the resistance line of the ascending channel. Now, technically, it is necessary to correctly determine the depth of the intrachannel correction in order to re-enter a long position. I am interested in two correction areas in the support region at 92.173 (first correction zone #1) and the support line of the ascending channel (trend line, correction zone #2), which completely defines the full cycle of the intrachannel correction, after which the daily trend should be restored. Depending on the behavior of sellers at the breakout areas, I will make a technical decision to re-enter long positions by buying up the intrachannel correction. Still on the fence.