jojofang0901

NZDJPY Is further downside more likely now?

Short
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen

Hi everyone:

NZDJPY has recently made more price development that made me relook at the overall structure.

I was looking for a potential long when price made a HTF double bottom , and a bullish impulse up from the LTF .

Wanted to see more from the price to develop continuations, but did not see much was form.

Price then form and completed this ascending channel structure, and a bearish impulse down.

Latest price begin to form LTF correction, good indication for continuations.

I will wait for correction to finish and look to get in the sell entries down to the lows.

Thank you

Comments

Good work
Reply
jojofang0901 John_Smithh
@John_Smithh, thank you
Reply
Great work my friend 🦐
Reply
jojofang0901 plancton0618
@plancton0618, your welcome :)
Reply
Might be a small bear flag. Thanks for sharing your idea 🐻‍❄️😃
Reply
jojofang0901 PolarHusk
@PolarHusk, Still waiting for more price development :) thx you
Reply
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