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UnknownUnicorn180388
12. Mai 2016 07:00

NZD.JPY - Bearish Bat Pattern - 74.639 Short

New Zealand Dollar/Japanese YenFXCM

Beschreibung

On the NZD.JPY 1h 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 74.639 & 74.885
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Fibonacci Confluence: 88.60% - 1.618%

Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the A to D move.
There is also opportunity to look for extended targets at around 72.813
Stop loss would be placed above X leg structure resistance.

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Kommentare
Tao_Stellar
nice bat, well done.
UnknownUnicorn180388
Thanks very much
dhanes71
Trade active?
UnknownUnicorn180388
The trade is at the D leg and is now a valid trade to take.
dhanes71
Thanks Tom! Good luck!
UnknownUnicorn180388
You too.
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