thor08

Bat pattern + Pivots = 0.7615 should happen

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
50 2 1
After the pattern formation, a good retracement is foreseen,
dojitrader
2 years ago
Just curious why you've chosen Point D at .615
when the "standard norm" for a valid Bat pattern
is for Pt D to be at .886 ?
Thanks for your thoughts ~~~~
Wishing you lots of pips in your pocket for 2015 !!!
Reply
thor08 dojitrader
2 years ago
Your are right, a correct bat should reach .886, but watching the strong resistance level and the powerful 0.615, I think that the bat will be distorted a bit...
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