NZDUSD Bearish Bat Pattern in an Expected bear month end

NZDUSD Bearish Bat Pattern in a bear month

1. The month of November is expected to form a bear candle hence we are looking for a short opportunities.
2. There is a bearish BAT pattern forming at 4H level.
3. The pattern has already started but because there is a Bull Candle which completed the Bat pattern, we are expected to get a divergence. If that happens, we have a second opportunity to enter the market.
4. Stop: above 1.13XA and 2.618AB
5. Entry: 88.6XA or higher (build entry and use decreasing averaging technique for zone entry)
6. Target: First: 38.2XD, Second: 61.8XD

Dagangan aktif

Dagangan ditutup: sasaran tercapai:

Target reached

Dagangan ditutup: sasaran tercapai:

second target not taken. full trade closed as there is 200SMA rejecting on 15 Chart: