NZDUSD: Potential Bearish Advanced Bat Formation & Possible TCT

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Potential Advanced Bat Formation setting up on the NZDUSD which would complete close to the 72 cents even handle.

Higher timeframe analysis on this pair causes me to predict a bearish Continuation down to our lower level of structure, so this would be an opportunity where the trader may want to consider looking for extended targets.
Comment: Filled Short at .7178
Trade closed: stop reached: Trade Stopped out
Comment: Sorry wrong post (above message about stop being reached)
Comment: Now I'm officially out of NZDUSD


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proceed with 2618 maybe?
+1 Reply
I'm not seeing any 2618's but that's certainly a technique that can be used to involve yourself in a trade
The Chart says it all , Shark Completion, Fib Confluence and that Wedge which Price respected .
I dont trade this pair , i am just sharing .
+1 Reply
Thanks for the share John!!
I'm waiting for this potential bearish Cypher to complete and confirm the trend continuation

+1 Reply
Akil_Stokes Nico.Muselle
Nice chart Nico
Akil_Stokes Nico.Muselle
I was looking at this too but had an invalid "C" leg
Hey Akil, first I have to say that the Keystone was amazing. Very useful webinar for all trader’s level in my opinion, to refresh knowledge and improve them too is never a wrong option.

When you posted this potential Bearish adv. Bat formation I was a little bit sad because I didn’t see it so I didn’t take it bcz I didn’t have the time to read the chart and of course will not take it just because you said that, mainly because it must meet my rules. I´m following your rules :)

Now that you are out on NZDUSD, I’ve spotted a potential Bearish adv. Cypher formation with X leg @ 0.731.
+2 Reply
Kareem Makolico
Nice i have my eye on that Cypher too.

There is also a potential bullish Cypher @ 0.7176 with the X leg @ 0.7160 on the 15 min. Looks like there is some decent higher time frame support looking left and also a 1.161 inversion and harmonic move as confluence. Could use this Cypher as a possible way up to previous highs/ up to the bigger bearish Cypher formation.
What do you guys think? @Makolico @Akil_Stokes
+1 Reply
Makolico Kareem
I don´t trade in 15 min. time frame because I´ve no time for such a lower time frame.
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