Bracketing the Market
While doing my technical analysis, i spotted two potential advanced patterns on the NZDJPY pair. One above and below current price. So here is my plan. IF the market opens and goes higher, THEN, I will be filled short on the cypher pattern, but IF the market moves lower, Then i will be going long at the completion of the bat pattern. However if the market breaks down first towards the bat pattern completion, then our cypher will be invalidated. IF it breaks up first the bat could still be valid provide the x leg of the cypher is is not penetrated. if the bat completes, i will be taking it as a TCT (Trend continuation trade which means i will be shooting for Advanced targets.
Cheers!!!
Cheers!!!
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