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jojofang0901

NZDJPY Wait for confirmation sell setups

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Nyzeeländska dollar/Japanska yen (OANDA:NZDJPY)  
jojofang0901 Uppdaterad   
OANDA:NZDJPY   Nyzeeländska dollar/Japanska yen
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction Wedge
25
19
chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction wedgepattern

Hello everyone:

Similar like AUDJPY sell, we are seeing the similar bearish price action on NZDJPY.

Price correctively move up to the double tops area, and form an ascending channel correction.

Good indication that we are about to see a bearish reversal price action form the market.

Understanding price can still correct within the channel,
so the best entry would be waiting for bearish impulse on the LTF to breakout,
and look for continuation correction to get in.

Thank you
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