salsapete
Short

EURNZD Renko Short Bat

FX:EURNZD   Euro Fx/New Zealand Dollar
12 0 0
Potential for Renko Bat pattern reversal for a short position.

Criteria

1. Price to be contained by recent resistance level of 1.57 35.
2. 2 Short (Red brick) bars to have formed.
3. Confirmation short brick close is ideally below the 8 EMA.

Entry between 1.56 50 and 1.57 00 (PRZ).

Stop Loss 1.57 40 ( above X)

Target 1 @ 1.54 30. ( 50 fib CD) . 2.4 R.

Target 2 @ 1.52 10. ( C) . 4.8 R.
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