2018Oct18 NZDUSD H1 Bearish Bat
NZDUSD has been on a uptrend. It recently broke out of the trendline support. As I am expecting a pullback, I am placing a sell limit order. Stop loss is just above the X point while the take profit target is set at the 61.8 Fibonacci retracement level of the leg AD. I will cancel the pending order if price goes to TP2 before it gets triggered. Trade details are as follows:
Trade Setup: Bear Bat
Price Entry 0.65747
SL 0.65849 | SL pips 10.2
TP2 0.65508 | TP2 pips 23.9
RRR2 2.34
Trade Setup: Bear Bat
Price Entry 0.65747
SL 0.65849 | SL pips 10.2
TP2 0.65508 | TP2 pips 23.9
RRR2 2.34
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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.