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k.archdoan

Another Round Bottom, Another Big Trade Set up

Long
New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
k.archdoan Updated   
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns
2
0
trendanalysis harmonicpatterns chartpattern
Hi Trader,
NZDJPY currently trading at 75.47. Since we have seen bearish engulfing candle so I am expecting little pull back till 75. If it fell below 74 then this formation will be invalid. Next targets are 76 and 77. I believe that make little pull back but not enough to go below till 74.50 (demand zone) and 74.30 (local demand zone).
Good Luck
Trade closed manually:
40 pips
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