Alexander_Nikitin

NZDUSD.30M.Bat.

Short
Alexander_Nikitin Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Mates, a potential bat advanced formation is on my radar. Note the B-point. With advanced formations approach this type of B indicates to a potential Bat formation and the entry is placed at 0.886 of XA. With harmonic approach this type of B indicates to a potential Gartley patterns and the Entry will be calculated around 0.786XA area. In both cases the stop should go above X. My entry is 0.809XA. It is closer to 0.786XA rather than to 0.886XA. Targets are conventional here. Have a good day.
Trade closed: target reached

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