RaynLim

Technical Analysis & Trading Strategies

Long
FX:NZDJPY   New Zealand Dollar / Japanese Yen
In the upcoming week, the spotlight might be on NZDJPY, particularly for those who lean towards structure-based trading methods.

In this scenario, we marry technical analysis with the art of trading.

Observations:

  • A keen eye at the support level reveals an ABCD pattern checkback on the 4-hourly chart, situated at 86.84.

  • For Fib-3 Bat enthusiasts, a buying opportunity may materialize on the 1-hourly chart.

Now, the pivotal question: What would be your approach to NZDJPY? Your insights matter. Please share your perspective below!

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