TomHall
Short

NZD.USD - Bearish Bat Pattern

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
On the NZD.USD 15min chart we have a potential short opportunity at the D leg completion of a Bat Pattern

The price reversal zone on this pair is between 0.6493 & 0.6505
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the A to D move.
Stop loss would be placed above X leg structure resistance .

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Very good idea! I follow you!
+1 Reply
TomHall TOP jukilo2000
Thanks very much
Reply
Yeap. And if you move your X point a bit to the left (next peak) - then you will have a nice gartley pattern. So, how can a trader decide witch pattern to take?
+1 Reply
TomHall TOP Alexander_Nikitin
We do indeed, more confluence is always a bonus.
Reply
great idea tom,
This could also be an CD leg of an Cypher at the 1H chart.
Goodluck :)

snapshot
+1 Reply
TomHall TOP Tijmen_K
The C leg doesn't quite hit the 1.272% that I need to class it as a Cypher Pattern.
+1 Reply
Tijmen_K TomHall
You know, You are completly right. It was A Quick check.
+1 Reply
TomHall TOP Tijmen_K
Let's see what happens into this week, we may get a Cypher setup.
+1 Reply
Tijmen_K TomHall
Yes Lets see what is going to happen. Good luck this week!
+1 Reply
TomHall TOP Tijmen_K
You too :-)
+1 Reply
Where was the 61.8% fib drawn from..which swing low/high?
+1 Reply
TomHall TOP anthony.pham00
If the B leg was a 0.618% retracement it would then be classed as a Gartley and not the Bat pattern.
Reply
sorry i should have been more clearer with the question...im fine with the B leg.
Im referring to the 61.8% up at the D leg...
Im sure its a simple one and im suffering from mondayitus
+1 Reply
TomHall TOP anthony.pham00
Is it the Bat Pattern or the Gartley Pattern you are referring to?
Reply
Gartley as well
+1 Reply
TomHall TOP ChadPitt
Personally I only get a Bat Pattern here.
The B leg only retraces to a 0.50% and not the 0.618% which is what I need to see for a valid Gartley Pattern.
Reply
Thank you! Very Good Idea!
+1 Reply
Thanks very much, have a great week.
Reply
Gartley Bearish
Gartley Bearish

+1 Reply
TomHall TOP rajenderam40
nice setup.
+1 Reply
NZDUSD BEARISH GARTLEY ( Structure + EMA)

Hey tom! I had a Gartley! :) Went good. Good luck to you
+1 Reply
TomHall TOP morshedul.sazid
Nice mate.
I am still awaiting that D leg completion :-)
+1 Reply
amazing
Reply
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