LewisGlasgow

NZD/JPY - Bearish Bat

Short
LewisGlasgow Aggiornato   
OANDA:NZDJPY   Dollaro neozelandese / Yen giapponese
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!
Commento:
This setup is on my watch list for the week ahead.

Currently 60 pips off the PRZ.
Trade attivo:
Signal sent out in the Six Figure Capital Telegram channel.
Commento:
Expecting momentum to continue.

Commento:
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.
Commento:
80.800 has been breached, move your stop loss into profit.
Trade chiuso manualmente:
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 :)

📈 Master the Art and Science of Trading: www.sixfigurecapital.com
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