NZD/JPY - Bearish Bat Short
Opis
⋅ Hi everyone!
Here we have a bearish alternate bat pattern on NZD/JPY visible on the 1 hour chart.
Conditions for a valid bat pattern are:
- XB: 0.382 - 0.5
- AC: 0.382 - 0.886
- BD: 1.618 - 2.618
- XD: 0.886
Take profits are set at 0.382 and 0.618 of AD.
At target 1 half position will be closed and stop loss moved to breakeven.
Good luck everyone!