2018Oct16 NZDJPY H1 Bearish Bat
NZDJPY has been on a downtrend. D point has been completed with the formation of a bearish bat. Upon confirmation of the bearish bias, I will go short. Stop loss is just above the X point while the take profit target is at the 38.2 Fibonacci retracement level of the leg AD. Trade details are as follows:
Trade Setup: Bearish Bat
Price Entry 73.758
SL 73.993 | SL pips 23.5
TP1 73.213 | TP1 pips 54.5
RRR1 2.32
Trade Setup: Bearish Bat
Price Entry 73.758
SL 73.993 | SL pips 23.5
TP1 73.213 | TP1 pips 54.5
RRR1 2.32
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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.