NZDJPY Is further downside more likely now?
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
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