We could have an opportunity to earn BIG
If you have been reading my analysis, you would know that I have my eyes on NZDJPY and waiting to long it to the completion of the Head and Shoulders formation that completes at 86.23.
Previously, I was waiting for the completion of the Bullish Bat Pattern, which I knew chances were slim(links within the TradingView post).
Now, another opportunity presents itself. The better way is the wait for a retest on the 1-hourly chart at 83.65 and wait for a Double Bottom with an RSI Divergence before engaging the buy; should the market go above the red line and close above 84.26, I would wait for a retest and recent support to long NZDJPY.
Previously, I was waiting for the completion of the Bullish Bat Pattern, which I knew chances were slim(links within the TradingView post).
Now, another opportunity presents itself. The better way is the wait for a retest on the 1-hourly chart at 83.65 and wait for a Double Bottom with an RSI Divergence before engaging the buy; should the market go above the red line and close above 84.26, I would wait for a retest and recent support to long NZDJPY.
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Live session & Trading Tips on the GO
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Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
tiktok.com/@raynlim
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