NZDJPY Trading Plan: Bearish Shark Pattern Retest

FX:NZDJPY   New Zealand Dollar / Japanese Yen
In our NZDJPY analysis, we are observing a potential shorting opportunity on the 1-hourly chart. Here are the details:

1. Setup: Bearish Shark Pattern Retest

2. Timeframe: 1-Hourly Chart

3. Key Level:

- Entry Point: Bearish Shark Pattern Retest at 92.07

The Daily Chart reveals a Bearish Gartley Pattern at X with RSI Divergence, suggesting a potential bearish move. On the 1-hourly chart, the Bearish Shark Pattern provides an additional layer of confirmation for a shorting opportunity.

Feel free to share your insights, and let's navigate this market together.

We believe that we should not slog our life away. Keep working to the minimum. How about 15mins a day?

Get into our 15mins workday community

Live session & Trading Tips on the GO