Hi traders:
My previous post on NZDJPY worked out beautifully as price formed a continuation correction and broke to the upside, hitting the higher time frame double tops.
Since the price reaches the double top correctively, and broken down the ascending channel, we can expect some short term bearish momentum at least to the lows of the structure.
Currently price is forming a correction, I will wait for correction to finished to confirm the downside move before enter.
Thank you
My previous post on NZDJPY worked out beautifully as price formed a continuation correction and broke to the upside, hitting the higher time frame double tops.
Since the price reaches the double top correctively, and broken down the ascending channel, we can expect some short term bearish momentum at least to the lows of the structure.
Currently price is forming a correction, I will wait for correction to finished to confirm the downside move before enter.
Thank you
Note
higher time frame:Note
Note
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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.