hello traders:
Also eyeing NZDJPY for more downside move.
We can see after the bearish impulse phase from the higher time frame,
and price has formed into a larger H and S pattern.
On the right shoulder we are seeing a strong bearish impulse phase on the lower time frame,
and then a continuation correction to follow.
Price is on route to breakout now, so wait for a lower time frame bearish continuation correction to confirm further downside potential.
Thank you
Note
Still watching and waiting for more development.
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.
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.