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RaynLim

Trade Ideas Educator: NZDJPY Pennant

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Nyzeeländska dollar/Japanska yen (FX:NZDJPY)  
RaynLim  
FX:NZDJPY   Nyzeeländska dollar/Japanska yen
Pennant Trend Analysis Triangle askforex100 NZDJPY sideways sidewaysconsolidation breakouttrading breakout trianglebreak
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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?
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