trungle83

GBPNZD - 2 trade scenario

trungle83 Updated   
FX:GBPNZD   British Pound / New Zealand Dollar
7
GBPNZD
Scenario 1:
BAT pattern completes C to D leg with RSI divergence at a strong resistance zone which was also at a previous gap zone.
I want to see a break of the low before looking for a short entry

Scenario 2:
BAT pattern fails and price breaks through resistance zone - BUY STOPS @ 1.91 with TP @ 1.995

Comment:
Comment:
Comment:
Take 90% profit at B point and let the rest run.
Trade closed: target reached:
www.tradingview.com/x/
Target reached.
Left 10% to run, SL moved to lock in 100pips
Comment:
Trade closed manually:
Closed the remaining 10%
Possible new shift in direction to the upside.
Comment:
The very few times a harmonic pattern works out in my favour. I
This analysis work not because of the harmonic Bat pattern but several other confluences - the bat pattern being one of them.

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