RaynLim

NZDJPY - Bearish Bat Retest

Short
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Last week's video analysis I did talk about this Bearish Bat Pattern. If you have engage this trade, congratulation, you have gain close to 100pips of profits.

Don't worry if you have not engage on this Bat Pattern, you can wait for a retest at 83.50. A retest Bat Pattern is also known as Type2 Pattern. Usually, the movement of such setup is more gentle than the type1 setup. Patience is required.

What I like about this setup, it gives me an opportunity to hop on the Daily Chart's potential bearish flag pattern.

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