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RaynLim

Trade Ideas Educator: NZDJPY Shark

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Dolar New Zealand / Yen Jepun (FX:NZDJPY)  
RaynLim  
FX:NZDJPY   Dolar New Zealand / Yen Jepun
Shark AB=CD Harmonic Patterns askforex100 countertrend Bearish Shark trendtrading stacktrade Relative Strength Index (RSI)
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sharkpattern abcdpattern harmonicpatterns askforex100 countertrend bearishshark trendtrading stacktrade relativestrengthindex
A bearish shark pattern completing at 71.44 setups for a trend trading opportunity. It is also my prefered set up to engage and fulfil my longer-term trade plan.

However, if the market dip further, it will invalid the shark and give an ABCD pattern at 69.91 is set up for a countertrend trade. An RSI and candle confirmation is required for the ABCD Pattern.

RSI is critical in this scenario.
What's your trade plan?
Comment down below.
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RaynLim
Trade Ideas Position: NZDJPY Bat
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