NZDJPY is getting ready for another drop

Price is correcting last impulse atm, we're trying to locate the origin of the next drop.

Like and comment if you find value in our analysis.

Feel free to post your ideas and questions at the comments section.

Good luck


NOTES:

- All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol.
- We never trade just because the price reaches the trading zone. This also means that not every idea is a valid trade.
- Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won't help your progress to be a better trader.
- Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style.

Best Regards.

Comment:

Price has reached the zone but it is aggressive right now, it is better to watch if it settles down a bit

Order cancelled:

Price not only broke the zone but also voilated the channel, short setup is not valid anymore