NZDJPY Watch For Bearish Breakout and Continuations

١٢ مايو ٢٠٢١

Hello traders:

Looking at NZDJPY's price action for further selling opportunities.

We can see a HTF ascending channel correcting the price up to the previous highs, double tops.

On the LTF we see a "M" structure, Mini double tops, and a rising wedge.
All good bearish price action to give us confirmation for a strong reversal from the top.

Similar like AUDJPY price is breaking to the downside now, since its getting close to the bottom of the channel,
best to wait for a confirmed breakout follow by LTF continuation correction to get in.

Thank you