TomHall
Short

NZD.USD - Bearish Bat Setup - 0.7261

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
On the NZD.USD 1H chart we have a potential short opportunity at the D leg completion of a bearish Bat Setup.

The price reversal zone on this pair is between .7261 & .7295
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 Setup placed at the .382% and .618% retracement of the A to D move.
There is also opportunity to look for extended targets at around .7016
Stop loss would be placed above X leg structure resistance.

Target 1 - .7150
Target 2 - .7080

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Website: www.UKForexSignals.com
Instagram: www.Instagram.com/UK_Forex_Signals
Instagram: www.Instagram.com/Tom_Hall_Official
Twitter: www.Twitter.com/Tom_H_Official
sunplace2011
5 months ago
Do you make a limit order before price reaches D or wait until you see the signal at D to sell? I can recognize patterns but do not know when to place a trade?
+1 Reply
TomHall TOP sunplace2011
5 months ago
Setting orders all depends on your personal circumstances.
If you struggle with the emotional side of getting into a trade then a limit order may be beneficial.
If however you prefer to see how price reacts in the zone you draw out, then its more beneficial to enter the trade manually.
Take into consideration if you work will you be near your computer, or if your trading for example the Asian session but live in London.

Although there are many factors you should consider once you have it in your plan, it is advised to stick with it.

Hope this helps.
Reply
sunplace2011 TomHall
5 months ago
Thank you so much! It really helps.
+1 Reply
TomHall TOP sunplace2011
5 months ago
My pleasure, have a great week.
+1 Reply
YD
5 months ago
where would you place your SL?
Reply
YD YD
5 months ago
nvm just finished reading lol..
+1 Reply
TomHall TOP YD
5 months ago
lol no problem
Reply
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