Get started
RaynLim

Trade Ideas Educator: NZDJPY Pennant

Short
New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
RaynLim  
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Pennant Trend Analysis Triangle askforex100 NZDJPY sideways sidewaysconsolidation breakouttrading breakout trianglebreak
6
0
pennant trendanalysis triangle askforex100 nzdjpy sideways sidewaysconsolidation breakouttrading breakout trianglebreak
A sideways consolidation or better known as pennant has formed on NZDJPY . A breakout of either side will usually confirm the direction of the market expansion.

An aggressive trader will usually wait for a break and close above or below the pennant to chase the move of the market.

A conservative trader will then wait for the retracement to engage the trade of the confirmed direction, which are you?
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.