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
petermp25
a year ago
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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rezzer1
a year ago
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
a year ago
Hope this clears some things up.
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petermp25 rezzer1
a year ago
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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rezzer1
a year ago
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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