EURNZD - Bullish Bat pattern in the making
Currently I am trading this pair to the downside, entering at the touch of the trend line with 2 targets : a re-test of 1.63 for target 1 and the bat pattern completion for target 2. SL is currently in profit so I can just let this trade ride down.
When the bat pattern completes at the 0.886 retracement of XA, we see also confluence with the AB and CB 1.618 inverted extension giving us a nice cluster.
Targets are the traditional 0.382 and 0.618 extension. Stop goes at the 113 extension of AX
Agree with this idea ? Thanks for giving me the thumbs up by clicking the like button.
Have another view, have questions, comments ? Feel free to share it below !
More ideas like this ? Click the follow button to keep updated when I publish new ideas or update already published ones.
When the bat pattern completes at the 0.886 retracement of XA, we see also confluence with the AB and CB 1.618 inverted extension giving us a nice cluster.
Targets are the traditional 0.382 and 0.618 extension. Stop goes at the 113 extension of AX
Agree with this idea ? Thanks for giving me the thumbs up by clicking the like button.
Have another view, have questions, comments ? Feel free to share it below !
More ideas like this ? Click the follow button to keep updated when I publish new ideas or update already published ones.
Check out my FREE indicator scripts:
► tradingview.com/u/Nico.Muselle/
Twitter: twitter.com/NicoMuselle
► tradingview.com/u/Nico.Muselle/
Twitter: twitter.com/NicoMuselle
Related publications
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.