FX:GBPNZD   British Pound / New Zealand Dollar
Here we see a sloppy bat pattern that decided to rally before completion. I believe the market got "close enough" to call it and make the trade anyways.

I have placed my entry at the highest low of the pattern, just because i like the way it works out with the risk to reward ratio.

Since we know that we will always place our limit at the 1.618 extension of the BC             leg, and our stop at the lowest low of the pattern , the highest low always seems to give us roughly a 2:1 risk reward ratio, which is why i place my orders there, the consistency makes me a more profitable trader.

Anyways so my limit is at the 1.618 extension of the BC             leg and my stop is at the lowest low of the Bat pattern .

Thanks for opeining us up and checking us out, dont forget to like if you agree, comment and even follow.

Thank you and Good Trading
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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