Bat pattern on NZDUSD
Updated
Hey traders,
after banking some pips during the night (see the trade attached) i want to share with you another pattern; this time it is a Bat pattern (that usually gives us a better risk to reward ratio) and it's right at a structure level that may turn into resistance for a bounce off of it.
Stops above X, targets as in the chart.
If you have any doubt, don't hesitate to ask.
Otherwise, see you in the next chart!
after banking some pips during the night (see the trade attached) i want to share with you another pattern; this time it is a Bat pattern (that usually gives us a better risk to reward ratio) and it's right at a structure level that may turn into resistance for a bounce off of it.
Stops above X, targets as in the chart.
If you have any doubt, don't hesitate to ask.
Otherwise, see you in the next chart!
Note
The Bat has turned into a Gartley:Note
The change's reason is that i take the pattern with the deeper C legTrade closed: stop reached
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.