FX:NZDUSD   New Zealand Dollar/U.S. Dollar
1341 7 23
Still not late for an entry here. A nice bat pattern already triggered.
Price is reacting well to the PRZ and formed a pinbar.
As always i place three targets.
SL below the X point of the bat.

Best regards.


Synapse
a year ago
Ratios on this Bat pattern look pretty spot on, nice find.
Reply
P_Parker
a year ago
Yes that should work. We have also RSI Divergence.
snapshot
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jackemailmsg
a year ago
I am just a little worried that the bat pattern is just forming too perfectly. Would take a contranian view with support from the poor GDT and labour data and strong recovery in AUDNZD.
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jackemailmsg
a year ago
I am just a little worried that the bat pattern is just forming too perfectly. Would take a contranian view with support from the poor GDT and labour data and strong recovery in AUDNZD. The stop loss placed at X could prove to be a bull killer.
Reply
FullTimeTrader jackemailmsg
a year ago
Hello, we should follow the plan no matters what happens after. Trade is still active. Regards.
Reply
FxKhalid
a year ago
hi,
NZD USD reached today to low @ 0.6572 so what is the next expected scenario ?
Reply
EdKunky
a year ago
Good spotting on the harmonics. However harmonics can look good on the chart, but after a long spell of down trending (about 16 months) any reversal takes time to get set. IMO its wise to watch for market action on the retracements before jumping in. Until we see that a bottom has been formed any long trade will be risky.
+1 Reply
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