TomHall

NZD/USD - Bearish Bat Pattern

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
830 9 19
On the NZD/USD             4h chart we have a potential short opportunity at the D leg completion of a Bat Pattern .

The price reversal zone on this pair is between 0.6738 & 0.6778
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance.

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Learn To Trade The Bat Pattern .
How To Trade The Bat Pattern.
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OsamaAbouzeid
a year ago
NZDUSD_ Waiting for Bearish Action!
+1 Reply
TomHall TOP OsamaAbouzeid
a year ago
I don't personally trade the Butterfly but the best of luck.
Reply
DerekUweri71 TomHall
a year ago
Hi Tom,
what is your trigger for entry? do you enter the trade when price gets to the prz or do you wait for something?
+1 Reply
TomHall TOP DerekUweri71
a year ago
There are other considerations I take into account before entering.
Reply
DerekUweri71 TomHall
a year ago
ok
Reply
DerekUweri71 TomHall
a year ago

snapshot
Reply
DerekUweri71 TomHall
a year ago
not sure if a smaller bat / harmonic is forming..... ???
Reply
DerekUweri71 DerekUweri71
a year ago
snapshot
Reply
First target done :)
Reply
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