RaynLim

Aggressive Counter-Trend Play

Short
RaynLim Updated   
FX:NZDJPY   New Zealand Dollar / Japanese Yen
I've identified a Bat Pattern retest on the NZDJPY, representing a counter-trend trading setup. This trade is categorized as a combo trade due to the presence of a bearish shark pattern retest on the weekly chart.

In this instance, I've opted for an aggressive approach, meaning I'm engaging in the trade before waiting for candlestick confirmation.

The profit potential for my final target is quite remarkable.

A gentle reminder: Never follow any trade blindly and refrain from overtrading, regardless of your confidence in this trade or in me.

Wishing you successful trading!
Trade closed manually:
I've exited the trade at 89.13(+36) and will assess the market conditions and decide if I'm engaging in the trade in the coming week.

Have a Great Weekend!

We believe that we should not slog our life away. Keep working to the minimum. How about 15mins a day?

Get into our 15mins workday community
discord.gg/AKDr9vPqH7

Live session & Trading Tips on the GO
www.tiktok.com/@raynlim
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.