TradingView
Chartist
May 12, 2016 9:00 PM

POTENTIAL BEARISH BAT FORMATION Short

Euro Fx/New Zealand DollarFXCM

Description

Potential bat pattern setup in the EURNZD.

It will need some time to get to the PRZ and completion point.

When and if PRZ reaches, watch price-action closely to enter a short position after the confirmation candle.

(!) The confirmation candle is the candle that has a close in the PRZ and has wicks covering the low and the high of the PRZ.

~ Chartist
Comments
Chartist
We have a lower C point, I will update the post if it's necessary!
More