NZDJPY Sell Setup

10 de fev. de 2021

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