NZDUSD Long: Buy the Bat

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Hey traders! Corrective structure on NZDUSD             is giving us some great pattern trades. I want to buy this bat toward .786 fib. There are two more targets above, one at A=C and another at a potential butterfly completion level. Updates to come, happy trading
Trade closed manually: Hey traders, closing this one manually. I wanted to see a nice bullish impulse, but we're seeing some corrective structure. Nevertheless, I will be taking an 11 pip profit and moving on. Cheers
Hi Glen, are you already long on this pair?
Hanu - I was, but have just closed with small profit. Cheers!
Hi Glenn, Long time !
For the NZDUSD, i think i will continue to go down, because it has a big momentum On the daily, 8hours, 4 hours and 30 mins( TFs, I trade on). In the 15mins it will finish it's retracement on 0.71338. From that point I will fetch the best entry for a short.
BabasNumbaOne BabasNumbaOne
Sorry Forgot something, First Target 0.71310, Second one : 0,70829
glennmercer BabasNumbaOne
Hi Babas, thanks for sharing. Yes, definitely in a downtrend on those TF's. I was hoping for a stronger rebound. Small profit is better than a small loss!
Ok thanks
can be risky trade??
glennmercer RuhailKhan
Ruhail, I don't consider this one any riskier than usual.
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