fxkronk
Long

NZDPJY Bullish Bat Pattern - 18TH JUNE 2015

FX:NZDJPY   New Zealand Dollar / Japanese Yen
The NZDJPY             formed a bullish bat pattern in the Daily chart . The .886 Fibonacci of the CD level is also supported by the bottom trendline on the daily chart . Although i rarely use anything else but price action we can also consider that the RSI is oversold.

P.S: When i trade harmonic patterns i always try to trade them when they form on key support & resistance levels and not taking them blindly wherever they form. Ideally i like to trade them following the trend.

P.S.2: These are my first attempts to post my ideas so i might make some mistakes. Feel free to comment on anything you like too.
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