AUDNZD: Potential Bull Bat in the 4h chart

FX:AUDNZD   Australian Dollar / New Zealand Dollar
Nice Fib Confluence, D would be also exactly 1.618 of AB. Also a nice risk reward and support of the even handle 1.09 in the stop area


Hi Wendelin,
Are you using the pattern recognition software or manually seeing all your patterns?
Thanks fiboholic. I Trade 15-20 such Patterns per week each with the Same amount of Risk ( Size * distance to stop = 0.33 of my Capital) Its all about probabilities, Risk reward and hitrate. The least depends in the market which is 70% of Time in consolidation and 30% of Time trending. And of course spotting and choosing only the best Patterns. So i don't care what the outcome of one partikular Trade is, > 15 Trades It Begins to become interesting. As in Las Vegas the Casinos Don' t Care if one Gambler wins or looses.... So I am also Fine if this partikular one fails. Pattern did Not work so well during the Last 2 weeks but that normally changes quickly so no reason to change anything. My hitrate is already trending up again :-)
Nice analysis! good luck
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out