RaynLim

Trade Ideas Position: NZDJPY Bat

Long
FX:NZDJPY   New Zealand Dollar / Japanese Yen
After a massive drop of NZDJPY, a bullish bat pattern is a form as a counter-trend trade. On the little blue box is the area that I see as a demand zone. I'm waiting for the retest of the low before considering engaging the trade. A trade from the daily chart may take up to 2weeks to hit the final target profit area.

If the market travel to the HOP(Harmonic Optimal Price) level, the setup will still be valid.

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