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RaynLim
Jul 9, 2023 7:11 PM

Major Counter-Trend TradeΒ Short

New Zealand Dollar/Japanese YenFXCM

Description

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πŸ” Dive into my latest analysis on the related article and compare it with my previous week's analysis.

πŸ“‰ Just like last week, we have identified the formation of a Bearish Shark Pattern. This pattern suggests a potential bearish movement in the market.

βš–οΈ For conservative traders, it's recommended to wait for a violation of the trendline on the 4-hourly chart. Once the trendline is violated, patiently wait for the retest before considering entering the trade.

Stay updated with my analysis as we navigate the market and uncover potential trading opportunities. Don't miss out on valuable insights! πŸ’ΌπŸ“ˆ
Comments
vibhu2705
β‹…
what is expected target on short side...possible to see 86?
RaynLim
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@vibhu2705, everything is possible, recent consolidation got me concern. I've not engaged this trade, waiting for further confirmation.
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