Hello traders:
NZDJPY has been dropping as expected from the higher time frame double tops.
We saw a strong bearish move down followed by the LTF correction.
This expanding structure correct the price up once more to form a recent, LTF double tops, and then a sharp move to the downside.
Once price broke out of the correction, naturally, we can expect continuation correction here to form, and look for the next sell down to the lows.
Wait for clear continuation correction on the LTF to enter.
Thank you
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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.