RaynLim

NZDJPY Trading Plan: Bearish Shark Pattern Retest

Short
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.

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