jojofang0901

NZDJPY Wait for confirmation sell setups

Short
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen

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
Comment:
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Comments

Good job mate, thank you
+1 Reply
Nice analysis !!
+1 Reply
@FOREXN1 thanks ! Let’s see how the market develops
Reply
Very Nice keep it going :)
+1 Reply
jojofang0901 Zaks_ForexSignals1
@Zaks_ForexSignals1 will do /)
Reply
Clean setup buddy
+1 Reply
jojofang0901 DACapitalTrading
@DACapitalTrading thank you :)
Reply
neat summary for traders. also leaning bearish atm.
+1 Reply
jojofang0901 ProjectSyndicate
Reply
Thanks Jojo.
+1 Reply
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