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hello traders:
Also eyeing NZDJPY for more downside move.
We can see after the bearish impulse phase from the higher time frame,
and price has formed into a larger H and S pattern.
On the right shoulder we are seeing a strong bearish impulse phase on the lower time frame,
and then a continuation correction to follow.
Price is on route to breakout now, so wait for a lower time frame bearish continuation correction to confirm further downside potential.
Thank you