NZDCHF short bat pattern combined with trendline

4 Mar 2016

Hi all,

On the NZDCHF we are going towards a completed bat pattern, at point D. This is around the 0.68 area. This is a good entry point for a short position.
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INFO ON THIS TRADE
Entry: 0.68
Stoploss 0.69
Target 1: 0.6635 (Risk:Reward = 1 : 1.8)
Target 2: 0.6535 (Risk:Reward = 1 : 3)

When being 75 pips in profit, move stoploss to breakeven or above recent structure.

Best of luck!

12 Mar 2016

Not

Perfect trade. Both targets hit