NZDUSD Bearish Bat
Bearish bat pattern completed on 60 min.
Previous S/R area
Trend line resistance
RSI diveregence
Previous S/R area
Trend line resistance
RSI diveregence
Trade active
Open: 0.71724SP: 0.71912
TP1: 0.71496
TP2: 071338
Stops to B/E when hitting target 1.
Trade closed: stop reached
Didn't update the trade per my trading plan to adjust the profit targets based on how far the trade goes offside. Had I done so and amended first profit target to 38.2 of A:new low of D, then I would've made a handful of pips and been stopped out at breakeven for the second position.
Follow your plan.
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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.