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ChrisThein
Nov 19, 2015 10:21 PM

NZDJPY 15 min Bullish Bat Long

New Zealand Dollar/Japanese YenFXCM

Description

Price broke out. We have new structure highs and higher lows. I'm looking for price to retrace back to the structure level around 80.20's. There is a potential Bull Bat forming at that level. Wait for a solid buy signal on this trade though. Price formed a bearish double top on the 240 min chart. Looking to go long 80.25, stops just below our outside return, target back at the new structure highs 80.80. Good luck trading out there.

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