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jojofang0901

NZDJPY Sell Setup

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Dollar New Zealand / Yen Jepang (OANDA:NZDJPY)  
jojofang0901  
OANDA:NZDJPY   Dollar New Zealand / Yen Jepang
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction Wedge
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chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction wedgepattern

Hi traders:

Looking at NZDJPY for bearish reversal price action.

WE see the price is in this larger, higher time frame correctional structure, pushing the price up.

HTF we approach a previous swing highs, so a double tops potentially. Then we look down to the lower time frame, there is also a mini double tops.

Price again pushed to that LTF double tops correctively in a smaller ascending channel.

Latest price is forming a H and S pattern, look for breakout confirmation follow by continuation to go.

Thank you
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jojofang0901
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