lbrincat

NZDUSD Bearish Bat 15min Chart

Short
lbrincat Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Sell at Point D around 0.69746.

Stop Loss should be at 1.13% Extension Fib of XA around 0.69882

Trade Management;

Move stop loss to break even when price hits the 0.382% around 0.69421 retrenchment of CD.

Take Profit at 0.618% around 0.69220.

Risk/Reward Ratio around 3.84
Order cancelled:
Price did not reach point D 1.618% Fib and moved beyond Time Fib 3 marked with a vertical red line.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.