TradingView
RaynLim
Jul 24, 2022 2:37 PM

NZDJPY - Bullish Bat Long

New Zealand Dollar/Japanese YenFXCM

Description

The Bullish Bat setup could allow counter-trend traders to engage in the trade. Before you get all excited on the Bat Pattern on the 1-hourly timeframe and potential sideway bounce setup on the 4-hourly timeframe(related ideas within tradingview post).

The Bearish Crab Pattern that was completed at the HOP level is a valid setup and it had hit its first target and moved beyond its first target. There is a certain level of risk to engage this trade.
More