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lyl89

GBPNZD - Bearish Bat on Daily Chart (PRZ retest)

Short
British Pound / New Zealand Dollar (FX_IDC:GBPNZD)  
lyl89 Updated   
FX_IDC:GBPNZD   British Pound / New Zealand Dollar
GBPNZD gbpnzdshort Bat Bearish Bat Harmonic Patterns harmonicforex
8
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gbpnzd gbpnzdshort batpattern bearishbat harmonicpatterns harmonicforex
A couple of short ideas for GBP pairs next week, including GBPCHF.

  • Note that pattern has already completed and reacted
  • However, price went back and closed slightly above PRZ
  • MIGHT be a retest for this bat pattern if price shows signs of reversal
  • R:R at 1.4 (TP1) and 2.4 (TP2)
  • Will find entry point based on H4 chart and candle type
Trade active:
Shorted at 1.7830
Comment:
Spotted a completed bearish butterfly patter on H1.
snapshot
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