NZDJPY - Bearish Bat Pattern on Daily Chart
A bearish bat pattern seem to be completing.
RSI is on its way to overbought level.
The PRZ is at weekly resistance level, which might have more potential of a reversal if price hits PRZ.
R:R at 1.1 (TP1 : 38.2% retracement of AD) and 1.9 (TP2 : 61.8% retracement of AD).
Traders do take note :
I am looking at the daily chart, SL and TP is much wider, position might be open for days.
Do adjust your lot size according to your capital and risk level.
Trade with caution. Cheers.
RSI is on its way to overbought level.
The PRZ is at weekly resistance level, which might have more potential of a reversal if price hits PRZ.
R:R at 1.1 (TP1 : 38.2% retracement of AD) and 1.9 (TP2 : 61.8% retracement of AD).
Traders do take note :
I am looking at the daily chart, SL and TP is much wider, position might be open for days.
Do adjust your lot size according to your capital and risk level.
Trade with caution. Cheers.
Note
Price has hit the 1st point of the PRZ, awaiting for all 3 points to be hit.Trade fermée: cible de profit atteinte
TP1 hit with about 100 pips. Congrats for those who followed =)Trade fermée: cible de profit atteinte
TP2 hit with about 170 pips profits.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.