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

Website: http://www.UKForexSignals.com
Instagram: http://www.Instagram.com/UK_Forex_Signals
Instagram: http://www.Instagram.com/Tom_Hall_Official
Twitter: http://www.Twitter.com/Tom_H_Official
Website: http://www.UKForexSignals.com
Become an Affiliate: https://ukforexsignals.idevaffiliate.com
Instagram: http://www.Instagram.com/UK_Forex_Signals
Twitter: http://www.Twitter.com/Tom_H_Official
Facebook: http://www.Facebook.com/UKForexSignals
where would you place your SL?
Reply
YD YD
nvm just finished reading lol..
+1 Reply
lol no problem
Reply
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
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
Thank you so much! It really helps.
+1 Reply
TomHall TOP sunplace2011
My pleasure, have a great week.
+1 Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out