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RaynLim
Sep 3, 2023 8:49 AM

Sideways Market Opportunity! 

New Zealand Dollar/Japanese YenFXCM

Description

🌟 Weekly Chart:
- Consolidation since March 2022.
- Patient trading can earn you 609 pips.
- Ideal for traders looking for longer-term gains.

📊 Daily Chart:
- Consolidation within the zone.
- Trading within this zone brings 104 pips.
- Great potential for 1-2 weeks of trading.

💡 Trading Opportunities:
- Weekly chart: Bearish shark pattern in play.
- Daily chart: Bearish crab pattern and more.
- Four-hour chart: Butterfly pattern and gartley pattern.

💰 Profit Potential:
- Weekly chart: First target 397 pips (~$3,970 USD).
- Daily chart: Running profits of 158 pips (~$1,580 USD).

⚠️ Trading Strategy:
- Set alerts on lower prices for early decisions.
- Wait for confirmation, like double tops with RSI divergence.
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