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RaynLim
Nov 9, 2023 8:43 AM

Aggressive Counter-Trend Play Short

New Zealand Dollar/Japanese YenFXCM

Description

I've identified a Bat Pattern retest on the NZDJPY, representing a counter-trend trading setup. This trade is categorized as a combo trade due to the presence of a bearish shark pattern retest on the weekly chart.

In this instance, I've opted for an aggressive approach, meaning I'm engaging in the trade before waiting for candlestick confirmation.

The profit potential for my final target is quite remarkable.

A gentle reminder: Never follow any trade blindly and refrain from overtrading, regardless of your confidence in this trade or in me.

Wishing you successful trading!

Trade closed manually

I've exited the trade at 89.13(+36) and will assess the market conditions and decide if I'm engaging in the trade in the coming week.

Have a Great Weekend!
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