ssaethre
Short

Bearish Bat Formation AUDNZD 30min

FX:AUDNZD   Australian Dollar / New Zealand Dollar
36 0 3
A good opportunity to go short before the weekend(I recommend to not hold short-term trades over weekends). A bearish bat formation on a decent structure level with acceptable risk/reward. If price goes past entry point and reverse I advice you to recalculate TP zones with the fibonacci retracement tool from A to the top of the reversal candle, to ensure that your profit zones get reached. We're usually talking about a few pips difference so it's an effective way to manage your trade to profits. Breakeven after TP 1 has been taken out.

Happy weekend!
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