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NZDJPY Follow the JPY Strength for More downside
New Zealand Dollar / Japanese Yen
Short
NZDJPY Follow the JPY Strength for More downside
By jojofang0901
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Updated
May 25, 2022
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May 18, 2022
Hi traders:
Also on watch is NZDJPY which has been pushing down aggressively from the top.
From the higher time frame we can see clean double tops, expanding structure, and price indeed reverse down from the top of structure.
Here on the lower time frame, price formed that double tops, ascending channel, and strong bearish impulse down.
With a few impulses and corrections, price is able to continue down more.
Latest development shows an ascending channel/rising wedge correction, good signs of more bearish price action.
Look for lower time frame continuation to push the price down more.
Thank you
May 25, 2022
Note
Chart Patterns
correction
Flag
impulse
Parallel Channel
pattern
priceaction
structure
Wedge
jojofang0901
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