(EP #11) Kelvin Trade Ideas - NZDJPY Bat Pattern 2019-12-19

Dec 19, 2019

A bearish bat pattern is completed in Daily chart. It provides a potential reversal zone (PRZ) from 72.465 to 71.860. In the longer time frame charts, the market shows us it is in a downtrend, so this selling opportunity is a follow trend trade. I am waiting for more candlesticks show up, then I can confirm the PRZ is a valid resistance level or not. I will short the market until I get confirmation.

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