GcNaif
Long

Long based on Bullish Bat

FX:GBPNZD   British Pound/New Zealand Dollar
585 9 13
The trade is based on the Bullish Bat pattern with a nice strong structure on the left. Also there are two potential patterns is in formation stage. They are the Bearish bat in Pink and bearish Gartley in Skyblue color and the completion area for both the patterns are same i.e D point ,again that D area acted as a good resistance (go to daily chart to look the structure in this area.)

I had been waiting for this for a while.
I am a Chart Slave.Thank you TradingView and @nmike.

Related Ideas

workingtraders
2 years ago
Nice idea. How will you confirm to take the position?
Reply
GcNaif MOD workingtraders
2 years ago
reversal area i was looking was previous consolidation place between 1.938 - 1.9445 and the price stayed above it . and bat pattern was nice completed in that region . that gave me confidence in taking this trade.
+1 Reply
jangseohee
2 years ago
big fat triangle now
break upside?
snapshot
Reply
GcNaif MOD jangseohee
2 years ago
yeah thats what i m expecting
+1 Reply
mbdr
2 years ago
Hi.gbp nzd first time for me ...thanks ..hope to see 1.99XX
Reply
GcNaif MOD mbdr
2 years ago
its a long journey , u need patience and good money management( since u wrote that this is the first time u r trading this pair so be careful - it has history of making 200pip moves in seconds)
+2 Reply
phihoang0748
2 years ago
are we suppose to buy right now? price is in the D area
Reply
GcNaif MOD
2 years ago
Update: stopped out, re entered again at a better lower price
+1 Reply
FXKOPPA
a year ago
what you think currently on this pair GCNAIF?
Reply
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