Hello traders, here we have NZD/JPY on the daily chart with a potential bearish bat pattern.
All-round excellent opportunity with over 1:3 risk to reward.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
I'll be looking for additional confirmation before taking the trade!
All-round excellent opportunity with over 1:3 risk to reward.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
I'll be looking for additional confirmation before taking the trade!
Trade active:
Signal sent out in the Six Figure Capital Telegram channel.
Comment:
Expecting momentum to continue.
Comment:
Price has now moved back into profit following a test of resistance at X.
I'm expecting a move to 80.800 before price stalls at support.
I'm expecting a move to 80.800 before price stalls at support.
Comment:
80.800 has been breached, move your stop loss into profit.
Trade closed manually:
To all those not in the Six Figure Capital telegram channel I closed my NZD/JPY position earlier today (30 pips off TP).
Well done to those who held :)
Well done to those who held :)
📈 Master the Art and Science of Trading: www.sixfigurecapital.com
Currently 60 pips off the PRZ.