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TradeYodha
Mar 17, 2015 7:25 PM

#NZDUSD Bat Pattern and Butterfly patterns give us 2 zones Long

New Zealand Dollar/U.S. DollarFXCM

Description

#NZDUSD Bat Pattern and Butterfly patterns give us 2 zones

1. Bat Pattern and Butterfly patterns give us 2 zones
2. Previous structure retest
3. Round number 0.72000 in the lower zone
4. The lower zone has been a support on Daily Time frame too
5. All SMAs are lagging on higher time frame too. They might attract the price back up

Wait for confirmation in the zone

I would love to hear your opinion, feel free to agree or disagree in your comments.
Comments
TradeYodha
Update: Perfect entry and profits
riskmode
Why not look for a bearish bat to trade instead? Probability of success is much higher.
TradeYodha
you can trade either way if you have a valid trade set up.
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