(EP #52) Kelvin Trade Ideas - NZDJPY Bat Pattern 2020-03-02

Mar 2, 2020

A bullish bat pattern is complete in the daily chart, it provides a potential reversal level from 67.720 to 67.360. The market broke below the potential reversal level and back to it. Because of the recent low point, 66.579 is higher than the bat pattern X point 66.320, so this buying opportunity is still valid. I will watch the candlesticks which are between bat pattern X point and the potential reversal level. If the market gives me the confirmation signals, I will decide to long the market. On the other hand, if the market breaks below the bat pattern X point, I will delete this signal in my watching list.

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