Snehath
Long

NZDUSD Bat pattern long opportunity at last week's low

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
I know you must be thinking that it is not a good idea to go against the USD. I kind of agree but there is a very nice pattern setting up.

I see M30 divergence and overall the H4 is showing sellers weakness.

This maybe a slow trade as it is thanksgiving in the US but let's see how this pans out.
Trade closed: target reached: Trade closed at 0.7044. This pair is still bearish so I am not overstaying my welcome. Expect another challenge of 0.700 next week for another long opportunity.
well...what can i say now...
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Snehath SUNJUPMER
@SUNJUPMER, I didnt understand your comment?
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Nice trade, hit T1 and T2 there :)
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Snehath Mberg
@Mathias-HarmonicTrader-Sweden, Thank you. This went way above what I thought it would go. It is almost 150 pips of profit.
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Where was your stop placement on this trade?
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Snehath KarmaSenge
@KarmaSenge, 0.7060. 35 pips below entry
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@Snehath, Is that just some sort of arbitrary number for that particular pattern, or do you always have your stop placement 35 pips below/above entry?
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Snehath KarmaSenge
@KarmaSenge, Nope, it is based on Fibonacci and daily average.
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Hi, would you not place the SL at X level ? ^^
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