Hi everyone:
Similar like AUDJPY price action, NZDJPY had the same breakdown from a continuation correction.
Price broke below the previous channel structure, indicating more bearish move is possible.
I am expecting another correction to be formed here and drop once more into the previous channel.
I will wait patiently for a correction to be complete to give me the confluence to scale in more sell entries down.
Thank you
Similar like AUDJPY price action, NZDJPY had the same breakdown from a continuation correction.
Price broke below the previous channel structure, indicating more bearish move is possible.
I am expecting another correction to be formed here and drop once more into the previous channel.
I will wait patiently for a correction to be complete to give me the confluence to scale in more sell entries down.
Thank you
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Price broke out of the correction, look to lock in profit and observe what the price will do moving forward. Look for small corrections for further sell opportunists.
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