PalmTreeTrading
Short

Bearish Bat Pattern setup 60 min. EUR/NZD. Great Risk/Reward !

FX:EURNZD   Euro / New Zealand Dollar
This potential Bearish Bat pattern on the EUR/NZD 60 min, has a great risk reward, as can be seen in the chart.

Look for price to climb up and touch the 88,6% retracement from the X to A leg to complete this Bat pattern . ( 1.7185 )
Stoploss should be placed above X, in this case its about 20 pips above X. (1.7290 )

Take profit 1 at 38,2% retracement from the A to D leg. ( move stops to breakeven ) 1.6932
Take profit 2 at 61,8% retracement from the A to D leg. ( 1.6778 )

Always looking for feedback on my analysis, so be sure to comment !

Follow me on twitter : https://twitter.com/PalmTreeTrading]PalmTreeTrading/
Follow me on Tradingview : https://www.tradingview.com/u/PalmTreeTrading/
Followme on Instagram : https://www.instagram.com/palmtreetrading/
Nice RR!
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out