NZDJPY has been in a strong down trend since the end of January. Similar to the AUDJPY
Trade execution I would want to take a with the trend trade, as in to go short. Price just bounced off the bottom of the channel, I would look to take the trade at the top of the channel and the horizontal resistance at around the 76.90/77.15 levels
NZDJPY actually has formed a bullish BAT in daily chart.
BoonHooi
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@pipstrading, I believe I know where your mentioned bullish Bat pattern is.
However I didn't quite like the PtC as it was as high as PtA, making that Bat pattern invalid
pipstrading
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@BoonHooi, i see... thanks for sharing your view. yes, for a strict BAT, it needs to be <= 88.6. but i notice that sometimes the BAT will exceed 88.6 and still valid.