Dólar Neo-Zelandês/Iene JaponêsViés de baixa
Trend Doesn't Matter!!
I'm not saying that trend isn't important, but on this particular trade, it is NOT.
And that is because the NZDJPY is on a sideway market, and it didn't show a particular prominent sign.
My top focus is to wait for a shorting opportunity on the Bearish Crab Pattern that shows up on the daily chart. It is common for crab patterns to have their retest before the actual move.
Why this Crab Pattern?
It coincides with the Bearish Shark Pattern on the Weekly Chart.
If you want a buying opportunity, a magic candle confirmation 87.21 on the 1-hourly chart will allow you to engage the trade. Gartley Pattern is the first pattern that was discovered. What makes this Bullish Gartley Pattern interesting is that the completion falls on the Key Support Level on the Daily Chart, marked as the Blue Horizontal Line, indicating a Key Support Level.
This is both amazing and disturbing to see for both traders.
What's your take on the NZDJPY?
And that is because the NZDJPY is on a sideway market, and it didn't show a particular prominent sign.
My top focus is to wait for a shorting opportunity on the Bearish Crab Pattern that shows up on the daily chart. It is common for crab patterns to have their retest before the actual move.
Why this Crab Pattern?
It coincides with the Bearish Shark Pattern on the Weekly Chart.
If you want a buying opportunity, a magic candle confirmation 87.21 on the 1-hourly chart will allow you to engage the trade. Gartley Pattern is the first pattern that was discovered. What makes this Bullish Gartley Pattern interesting is that the completion falls on the Key Support Level on the Daily Chart, marked as the Blue Horizontal Line, indicating a Key Support Level.
This is both amazing and disturbing to see for both traders.
What's your take on the NZDJPY?
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Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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