2018Apr16 AUDNZD D1 Bullish Bat
There is a bullish bat which completed for AUDNZD. Price entry at 105.536 is guided by a candle breaking and closing above the resistance of the downtrending diagonal channel. Also the same candle engulfed the bodies of the 3 previous candlesticks. Stop loss is just below point X while profit taking levels are set at the 38.2 and 61.8 Fibonacci retracement of leg AD and point A.
Trade Setup: Bullish Bat
Price Entry 1.05536
SL 1.03656 | SL pips 188.0
TP1 1.07943 | TP1 pips 240.7
TP2 1.09836 | TP2 pips 430.0
TP3 1.12899 | TP3 pips 736.3
RRR1 1.28 | RRR2 2.29 | RRR3 3.92
Status/Remarks: TP1 hit!
Trade Setup: Bullish Bat
Price Entry 1.05536
SL 1.03656 | SL pips 188.0
TP1 1.07943 | TP1 pips 240.7
TP2 1.09836 | TP2 pips 430.0
TP3 1.12899 | TP3 pips 736.3
RRR1 1.28 | RRR2 2.29 | RRR3 3.92
Status/Remarks: TP1 hit!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.