NZDCHF short bat pattern combined with trendline
Hi all,
On the NZDCHF we are going towards a completed bat pattern, at point D. This is around the 0.68 area. This is a good entry point for a short position.
-----------------------------------
INFO ON THIS TRADE
Entry: 0.68
Stoploss 0.69
Target 1: 0.6635 (Risk:Reward = 1 : 1.8)
Target 2: 0.6535 (Risk:Reward = 1 : 3)
When being 75 pips in profit, move stoploss to breakeven or above recent structure.
Best of luck!
On the NZDCHF we are going towards a completed bat pattern, at point D. This is around the 0.68 area. This is a good entry point for a short position.
-----------------------------------
INFO ON THIS TRADE
Entry: 0.68
Stoploss 0.69
Target 1: 0.6635 (Risk:Reward = 1 : 1.8)
Target 2: 0.6535 (Risk:Reward = 1 : 3)
When being 75 pips in profit, move stoploss to breakeven or above recent structure.
Best of luck!
Comment:
Perfect trade. Both targets hit
