Bullish Bat pattern NZDUSD 15 min
Trying to post more often as I really want to share the good patterns. This is a nice bat pattern, you can see the 0.65 even line there and the pattern completes right above. That means stops can go below the even handle which makes it quite safe.
The targets are initial targets, if the D completion retraces farther to the downside, adjust your targets accordingly.
Target 1 is the A-D retracement of .382 and target 2 is the .618.
For stops I use a 1.131 extension of A-X.
Cheers!
The targets are initial targets, if the D completion retraces farther to the downside, adjust your targets accordingly.
Target 1 is the A-D retracement of .382 and target 2 is the .618.
For stops I use a 1.131 extension of A-X.
Cheers!