While the NZDJPY setup is still valid, I have another bullish setup found in NZDUSD. Again, I see confluence of Fib levels, support level, bottom of channel as well as my favorite bullish harmonic formation.
[tab: Setup 26 Nov 2010]
Here is the chart to confuse you.
[tab: Update 28 Nov 2010]
The reversal zone of the original harmonic setup was violated, no sign of reversal in the zone, so, no entry yet. However, while I was zooming out the chart, to look at a bigger picture, another bullish harmonic formation is setting up. Still, I see confluence of support and Fib levels at the channel band.
Here is another chart to confuse you, yet, again.