11021992
Long

EURNZD potential bat pattern to long

FX:EURNZD   Euro / New Zealand Dollar
176 0 7
Hi all,

On the EURNZD             I have spotted a bat pattern forming. Completion of this pattern is at the point D. Exactly on the 1.60 price. This is a good area to buy.
If you prefer a smaller stoploss, you can put in a buy order at a lower value, but you might miss out on the trade.
-----------------------------------
INFO ON THIS TRADE
Entry: 1.60
Stoploss 1.582
Target 1: 1.6447 (Risk:Reward = 1 : 1.66)
Target 2: 1.682 (Risk:Reward = 1 : 3)

When being 100 pips in profit, move stoploss to breakeven or above recent structure.

Best of luck!
Analysis for week 3: https://youtu.be/_qkhKY9UqUo

Interested in learning about harmonic patterns? PM me :)

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