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Giraffe-Trader
Mar 8, 2023 1:41 AM

GBPNZD - Bat Pattern Forming SOON! Short

British Pound/New Zealand DollarFXCM

Description

Bat patterns on GBPNZD are very profitable on the 4H timeframe.

- Entry: 1.96189
- Stop Loss: 1.97407
- TP1: 1.94499
- TP2: 1.93456

I have set a limit order at my entry price. If price moves against me I will trail my take profit levels in accordance with the 38.2 and 61.8 retracement levels from the low of the pattern to the current price level.

If the pattern is invalidated before hitting my entry limit order, I will delete the order.
Comments
JoeChampion
I agree on GBP weakness over commodities, keep it up Pal!
TheFxAce
looking good batman
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