Hi everyone:
Similar like AUDJPY price action, NZDJPY had the same breakdown from a continuation correction.
Price broke below the previous channel structure, indicating more bearish move is possible.
I am expecting another correction to be formed here and drop once more into the previous channel.
I will wait patiently for a correction to be complete to give me the confluence to scale in more sell entries down.
Thank you
Similar like AUDJPY price action, NZDJPY had the same breakdown from a continuation correction.
Price broke below the previous channel structure, indicating more bearish move is possible.
I am expecting another correction to be formed here and drop once more into the previous channel.
I will wait patiently for a correction to be complete to give me the confluence to scale in more sell entries down.
Thank you
Note
Note
Note
Note
Note
Price broke out of the correction, look to lock in profit and observe what the price will do moving forward. Look for small corrections for further sell opportunists. 
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.