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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jukilo2000
10 months ago
Very good idea! I follow you!
+1 Reply
TomHall TOP jukilo2000
10 months ago
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
10 months ago
We do indeed, more confluence is always a bonus.
Reply
Tijmen_K
10 months ago
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
10 months ago
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
10 months ago
You know, You are completly right. It was A Quick check.
+1 Reply
TomHall TOP Tijmen_K
10 months ago
Let's see what happens into this week, we may get a Cypher setup.
+1 Reply
Tijmen_K TomHall
10 months ago
Yes Lets see what is going to happen. Good luck this week!
+1 Reply
TomHall TOP Tijmen_K
10 months ago
You too :-)
+1 Reply
Where was the 61.8% fib drawn from..which swing low/high?
+1 Reply
TomHall TOP anthony.pham00
10 months ago
If the B leg was a 0.618% retracement it would then be classed as a Gartley and not the Bat pattern.
Reply
anthony.pham00 PRO TomHall
10 months ago
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
10 months ago
Is it the Bat Pattern or the Gartley Pattern you are referring to?
Reply
ChadPitt
10 months ago
snapshot
Reply
ChadPitt
10 months ago
Gartley as well
+1 Reply
TomHall TOP ChadPitt
10 months ago
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
yossih
10 months ago
Thank you! Very Good Idea!
+1 Reply
TomHall TOP yossih
10 months ago
Thanks very much, have a great week.
Reply
rajenderam40
10 months ago
Gartley Bearish
Gartley Bearish

+1 Reply
TomHall TOP rajenderam40
10 months ago
nice setup.
+1 Reply
morshedul.sazid
10 months ago
NZDUSD BEARISH GARTLEY ( Structure + EMA)

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