NZDJPY Watch For Bearish Breakout and Continuations
Hello traders:
Looking at NZDJPY's price action for further selling opportunities.
We can see a HTF ascending channel correcting the price up to the previous highs, double tops.
On the LTF we see a "M" structure, Mini double tops, and a rising wedge.
All good bearish price action to give us confirmation for a strong reversal from the top.
Similar like AUDJPY price is breaking to the downside now, since its getting close to the bottom of the channel,
best to wait for a confirmed breakout follow by LTF continuation correction to get in.
Thank you
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Feragatname
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