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RaynLim
Aug 6, 2023 5:13 PM

NZDJPY VS NZDUSDΒ Short

New Zealand Dollar/Japanese YenFXCM

Description

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πŸ“ˆπŸ’Ή Expert Level Trade Ideas: New Zealand Yen and New Zealand Dollar!

πŸ‡³πŸ‡ΏπŸ‡―πŸ‡΅ On New Zealand Yen, we have an overall uptrend movement. Daily chart shows a bit of pullback. Four-hour chart indicates increased volatility with new lows and highs. One-hour chart has a retest of previous support level with a bit of RSI divergence.

πŸ” Trading Strategy: Hidden trading opportunities within this chart can be spotted if you know the trading rules. Scan the QR code to learn more and share your findings in our traders cafe.

πŸ“ˆ Weekly Chart: Bearish shark pattern already in play, running at 188 pips. Buying opportunity at 5-0 pattern, 84.36 level.

πŸ“Š Daily Chart: Bullish bat pattern presents a buying opportunity at 84.25 completion zone.

πŸ“‰ Four-Hour Chart: Use the staircase trading strategy. Wait for a pullback at 86.91 for a short or a breakout trade below 86.38 to chase the bearish movement. First target at 85.36.

⏰ One-Hour Chart: Similar situation, no need to repeat.

πŸ’Ό Love Planning Your Trades? Set rules, look for conditions, and spend 15 minutes a day on your market analysis. Drop me a DM if you want to trade smart and efficiently.

#ExpertTradeIdeas #NewZealandYen #NewZealandDollar #Uptrend #BullishOpportunity #BearishSharkPattern #StaircaseTrading #BuyingOpportunity #SetRules #TradeSmart #DMForDetails
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