NZDJPY Continuation Sell Setups

OANDA:NZDJPY   New Zealand Dollar / Japanese Yen

Hello traders:

NZDJPY has potentially develop into another bearish correction that can help the price to push down further.

WE can see from my previous outlook, price did indeed had the bearish impulse down from the ascending structure, and a clean impulse move down.

After a strong bearish move, naturally price will correct, which is the current correction we are seeing right now.

Price is rather correctively and has formed a potential double tops and with few swing highs and lows. There is also an ascending channel within the structure.

Be on the lookout for bearish reversal price action at the top of structure, and look for sell entry down to the lows.

Thank you

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