GBPNZD H1 Bearish Bat
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H1 Bearish Bat Harmonics Pattern
The pattern will complete at point D however I am entering trade on a deeper price represented by the black dotted line. Reason for this is because this is GBPNZD - GBP cross pair and tend to be more volatile and higher broker spread.
I saw bigger Bullish Harmonics Patterns on H4 and Daily on the Higher timeframe and gave me added reason to short this pair at this level.
Entry: 1.8965
SL: 1.9032 (-67pips)
TP1: 1.8846 (+119pips)
TP2: 1.8780 (+185pips)
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The pattern will complete at point D however I am entering trade on a deeper price represented by the black dotted line. Reason for this is because this is GBPNZD - GBP cross pair and tend to be more volatile and higher broker spread.
I saw bigger Bullish Harmonics Patterns on H4 and Daily on the Higher timeframe and gave me added reason to short this pair at this level.
Entry: 1.8965
SL: 1.9032 (-67pips)
TP1: 1.8846 (+119pips)
TP2: 1.8780 (+185pips)
Do like and share this post. Follow me if my trading style suits you as I will be posting new trade ideas and analysis regularly.
Transaction en cours
Bat Pattern completedTrade fermée: ordre d’arrêt atteint
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