rezzer1
Short

SHORT AUD/NZD - COMPLETED BEARISH BAT PATTERN

FX:AUDNZD   Australian Dollar/New Zealand Dollar
117 5 1
SL: 1.12785

TP1: 1.1108

TP2: 1.1064
Also, there is a trend line from February which matches the 0.886 ratio as well as an oversold RSI.

I should have posted this on the description.
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I have taken that big spike into account and concluded that there is a risk that this is not a valid pattern. To account for the risk I set a very tight stop loss.
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rezzer1 rezzer1
Hope this clears some things up.
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petermp25 rezzer1
Fair enough then. I saw the Bat pattern aswell but the spike somewhat ruined any setup for me. Hope it works out for you though
To each their own
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How is this an even relatively valid Bat Pattern? Some might disagree on Ratios of patterns, but no way can that big spike up on the 24th still mark a valid pattern
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