KVE
Short

NZD/USD: Broke the trendline, now on to a possible bearish bat?

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
73 5 5
We broke the (blue) trendline, so we might see a re-test and/or some consolidation before we possibly go further up.

If we do then this possible bat pattern is on my radar. We are still to surpass B so it is still young, but worth mentioning imo.

2 trades on the chart based on a possible bat completion, SL above X and the round 0.6700 level, I would prefer to have it above 0.6750 so I might still change that...
2 targets are the conventional 38.2 and 61.8% retracements of CD. I will probably take 70-80% profit at TP1 and leave the remainder open for TP2 based on my pattern trading analysis.

Please note that I will take my targets a whee bit higher than the actual fibs, i.e. at the round 0.6500 and 0.6400 for obvious reasons.
KVE PRO
a year ago
Still on, not yet above B though...
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KVE PRO
a year ago
Missed the entry by a cuple of pips only...
Let's see if we get a second chance...
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KVE PRO
a year ago
Order filled, overshot the target but still below my SL...

We could see a reversal now since we are at the level of a max. (1.13 ret. + 2.24ext) bearish shark completion
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KVE PRO KVE
a year ago
Forget I mentioned the shark, not valid!
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KVE PRO
a year ago
Almost reached my SL, but back on track now (at BE now)... Hopefully we get some more downside on this one...
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