(EP #49) Kelvin Trade Ideas - NZDJPY Bat Pattern 2020-02-27

Feb 26, 2020

In the daily chart, a bullish bat pattern within the buy zone is almost complete. It provides a potential reversal level from 69.390 to 69.130. In the larger timeframes, the market is in a downtrend, so this buying opportunity is a counter-trend trade. I will wait for the confirmation signals to show up near the potential reversal level, then decide should I long this market.

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