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11021992
Mar 4, 2016 11:07 PM

NZDCHF short bat pattern combined with trendline Short

New Zealand Dollar/Swiss FrancFXCM

Description

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
Comments
TrendsWithBenefits
Spot on!
11021992
Yep, perfect. Great name btw :).
TrendsWithBenefits
Hah! You're the first one to notice...
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