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UnknownUnicorn180388
Dec 3, 2015 9:14 AM

NZD/USD - Bearish Bat Pattern 

New Zealand Dollar/U.S. DollarFXCM

Description

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.

Website.
UKForexSignals.com

Learn To Trade The Bat Pattern.
Comments
OsamaAbouzeid
UnknownUnicorn180388
I don't personally trade the Butterfly but the best of luck.
DerekUweri71
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?
UnknownUnicorn180388
There are other considerations I take into account before entering.
DerekUweri71
ok
DerekUweri71

DerekUweri71
not sure if a smaller bat / harmonic is forming..... ???
DerekUweri71
pathaniasourabh
First target done :)
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