11021992
Short

NZDCHF short bat pattern combined with trendline

FX:NZDCHF   New Zealand Dollar/Swiss Franc
111 3 7
Hi all,

On the NZDCHF             we are going towards a completed bat pattern , at point D. This is around the 0.68 area. This is a good entry point for a short position.
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INFO ON THIS TRADE
Entry: 0.68
Stoploss 0.69
Target 1: 0.6635 (Risk:Reward = 1 : 1.8)
Target 2: 0.6535 (Risk:Reward = 1 : 3)

When being 75 pips in profit, move stoploss to breakeven or above recent structure.

Best of luck!
Comment: Perfect trade. Both targets hit
Analysis for week 3: https://youtu.be/_qkhKY9UqUo

Interested in learning about harmonic patterns? PM me :)

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11021992 PRO TrendsWithBenefits
Yep, perfect. Great name btw :).
+1 Reply
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