GBPNZD
Scenario 1:
BAT pattern completes C to D leg with RSI divergence at a strong resistance zone which was also at a previous gap zone.
I want to see a break of the low before looking for a short entry
Scenario 2:
BAT pattern fails and price breaks through resistance zone - BUY STOPS @ 1.91 with TP @ 1.995
Scenario 1:
BAT pattern completes C to D leg with RSI divergence at a strong resistance zone which was also at a previous gap zone.
I want to see a break of the low before looking for a short entry
Scenario 2:
BAT pattern fails and price breaks through resistance zone - BUY STOPS @ 1.91 with TP @ 1.995
Note
Note
Note
Take 90% profit at B point and let the rest run.Trade closed: target reached
tradingview.com/x/Target reached.
Left 10% to run, SL moved to lock in 100pips
Note
Trade closed manually
Closed the remaining 10%Possible new shift in direction to the upside.
Note
The very few times a harmonic pattern works out in my favour. I
This analysis work not because of the harmonic Bat pattern but several other confluences - the bat pattern being one of them.
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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.
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.