NZDJPY / 1 Hour / Bat Pattern / Long

NZDJPY / 1 Hour / Bat Pattern / Long

Comment:

it that like button, please share and comment away before you leave!

Click "Like" if you find the information usefull. Click follow if you want to stay updated with my ideas.



BAT PATTERN ;

Once you identify your anchor leg draw your fib retracement from your X leg to your A leg.
Your B leg should touch the .50 retracement but should not touch the .618.
Now that you have your B leg, draw a fib retracment from A to B.
Your C leg should touch the 0.382 but should not touch the A.
Now that you have your B leg draw, a fib retracement from X to A
Finally draw a fib extension from A to B and back in.
Your D leg should come in at the 0.886
For the Bat Pattern, draw your targets from A to D.
Your targets should be at the .382 and the .618.
At here I put my stops at least 1:1 with first target.
Also, once you hit target 1, roll your stops to break even.
Once you do that you are in a risk free trade. That's all there is to it.


DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques,
you should do your own due diligence and not take this information as a trade signal.