NZDJPY one more down?

Hi everyone:

Similar like AUDJPY price action, NZDJPY had the same breakdown from a continuation correction.

Price broke below the previous channel structure, indicating more bearish move is possible.

I am expecting another correction to be formed here and drop once more into the previous channel.

I will wait patiently for a correction to be complete to give me the confluence to scale in more sell entries down.

Thank you

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Price broke out of the correction, look to lock in profit and observe what the price will do moving forward. Look for small corrections for further sell opportunists.