GBPNZD - BAMM & Bearish Bat
Hi Guys,
Here we have the GBPNZD on the Daily. Two potential trading opportunities with a huge amount of pips.
1st Opportunity: BAMM Trigger. Price is heading towards the 'D' Point for completion of a Bearish Bat. Respected an uptrend of 7 months and rejected 0.618 of last upswing. Providing price breaks the down trend showing, allowing for a short retracement first I will then be entering long if price rejects 0.50. I had a similar set up on NZDCAD (link below) which is performing well.
2nd Opportunity: Bearish Bat Completion. Once Price hits 'D' point I will be looking for reversal indications and additional confluence to take the short opportunity.
Do let me know of any thoughts or questions.
Thank You!
Victoria
Here we have the GBPNZD on the Daily. Two potential trading opportunities with a huge amount of pips.
1st Opportunity: BAMM Trigger. Price is heading towards the 'D' Point for completion of a Bearish Bat. Respected an uptrend of 7 months and rejected 0.618 of last upswing. Providing price breaks the down trend showing, allowing for a short retracement first I will then be entering long if price rejects 0.50. I had a similar set up on NZDCAD (link below) which is performing well.
2nd Opportunity: Bearish Bat Completion. Once Price hits 'D' point I will be looking for reversal indications and additional confluence to take the short opportunity.
Do let me know of any thoughts or questions.
Thank You!
Victoria
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