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TerryHarmonicTrading
Sep 7, 2016 3:23 AM

NZDUSD - Daily Bearish Bat Completion Short

New Zealand Dollar/U.S. DollarFXCM

Description

Hey guys, this is Terry once again.

NZDUSD is on a steady uptrend for the past 8 months.

In pattern's perspective, we are looking at a potential completion of this bat pattern on the daily chart.

The zone to watch for reaction is around 0.7550 to 0.7580.

SL has to go above 0.78 with targets back to 0.69.

Expect some reversal chart pattern around the PRZ zone before you go short.

As this is a daily TF trade, expect to wait for reaction at PRZ before execution.
Comments
namavar
next target would be 0.63000
TerryHarmonicTrading
wow, not sure if i can hold that long. anything more than 500 pips of profit makes me emotional. :)
sbbi98
thanks
waterman
Bat reversal happens just above 78.6 also instead 88.6 precise. Thanks.
TerryHarmonicTrading
not sure if we missed the boat, it could go up one more time to the bat completion before a real reversal.
waterman
Really possible with this pair.
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