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RaynLim
Oct 10, 2019 6:51 AM

Trade Ideas Position: NZDUSD Bat Short

New Zealand Dollar/U.S. DollarFXCM

Description

Type 2 Bat Pattern is not the usual setup I'll trade especially the initial Bat Pattern Setup has hit Target1. In this case, there is a Consolidation pattern, a symmetrical triangle or better known as pennant having the 1st break to the downside.

That signal a higher probability of downward movement. More important it gives a great reward:risk.
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