Trading_Jazz

Bullish Bat & Bearish Cypher // IF=THEN ®

FX:GBPNZD   British Pound/New Zealand Dollar
FX:GBPNZD            

Eventual Major Bat pattern with point B forged between the 38.2% and the 50% retracement , then rejected at Daily Resistance D1 @2.33879 with a new higher high / higher close and tested trend line acting as support @2.2824.

Some period of indecision, awaiting possible breakout up or down... breaking daily resistance D1 can project a C point to major Bat @ 2.4545, breaking weekly and daily support W1 and D1 it can sink at monthly support MN1 @ 2.12747 to fill point C for possible Cypher between 127% and 141% extension forgin one eventual buy option.

Bullish BAT:
Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB
Point D:
88.6% XA
Targets:
TP1 38.2% AD
TP2 61.8% AD

Bearish CYPHER:
Point B:
38.2% to 61.8% XA
Point C:
127% to 141% ext XA
Point D:
78.6% XC
Target:
TP1 38.2% CD
TP2 61.8% CD

Safe trades;
It will most likely break down, but these patterns are really gigantic.
Do you have an example of these that did complete?
You might be jumping the gun counting on them validating so early on...
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