RaynLim

Trade Ideas Educator: NZDJPY Shark

Short
FX:NZDJPY   New Zealand Dollar / Japanese Yen
A bearish shark pattern completing at 71.44 setups for a trend trading opportunity. It is also my prefered set up to engage and fulfil my longer-term trade plan.

However, if the market dip further, it will invalid the shark and give an ABCD pattern at 69.91 is set up for a countertrend trade. An RSI and candle confirmation is required for the ABCD Pattern.

RSI is critical in this scenario.
What's your trade plan?
Comment down below.

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