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joelduque

2018Oct18 EURNZD H4 Bullish Bat

Long
Euro / New Zealand Dollar (FX:EURNZD)  
joelduque  
FX:EURNZD   Euro / New Zealand Dollar
Harmonic Patterns Bat Fibonacci
2
0
harmonicpatterns batpattern fibonacci
EURNZD has been on a recent downtrend and completed a bullish bat. Upon confirmation of the bullish bias, I will go long. Stop loss is just below the X point while the take profit target is at the 38.2 Fibonacci retracement level of the leg AD. Trade details are as follows:

Trade Setup: Bullish Bat
Price Entry 1.75310
SL 1.74748 | SL pips 56.2
TP1 1.76829 | TP1 pips 151.9
RRR1 2.70
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