Hi all,
On the EURNZD I have spotted a bat pattern forming. Completion of this pattern is at the point D. Exactly on the 1.60 price. This is a good area to buy.
If you prefer a smaller stoploss, you can put in a buy order at a lower value, but you might miss out on the trade.
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INFO ON THIS TRADE
Entry: 1.60
Stoploss 1.582
Target 1: 1.6447 (Risk:Reward = 1 : 1.66)
Target 2: 1.682 (Risk:Reward = 1 : 3)
When being 100 pips in profit, move stoploss to breakeven or above recent structure.
Best of luck!
On the EURNZD I have spotted a bat pattern forming. Completion of this pattern is at the point D. Exactly on the 1.60 price. This is a good area to buy.
If you prefer a smaller stoploss, you can put in a buy order at a lower value, but you might miss out on the trade.
-----------------------------------
INFO ON THIS TRADE
Entry: 1.60
Stoploss 1.582
Target 1: 1.6447 (Risk:Reward = 1 : 1.66)
Target 2: 1.682 (Risk:Reward = 1 : 3)
When being 100 pips in profit, move stoploss to breakeven or above recent structure.
Best of luck!
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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.
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.