Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
NZDJPY Follow the JPY Strength for More downside
New Zealand Dollar / Japanese Yen
Short
NZDJPY Follow the JPY Strength for More downside
By jojofang0901
Follow
Follow
Updated
May 25, 2022
6
3
27
27
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
Follow
Also on:
Related publications
NZDJPY Same Potential Bearish Price Action, Watch for Sell
by jojofang0901
GBPJPY More Downside, Watch For Continuations
by jojofang0901
EURJPY Same Bearish Reversal, Watch Cor More Downside
by jojofang0901
AUDJPY More Downside Possible, Watch For sell
by jojofang0901
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
.