BAT, CRAB PATTERN & SYMMETRICAL TRIANGLE
This is an analysis on NZDCHF daily
Entry: now
Stop-loss: 0.55000
TP 1: 0.64400
If the price action breaks 0.65500 then the price action is likely to get to TP 2
TP 2: 0.69500
NOTE: If you put your TP 2 inside the box/at the top of the box, it's very unlikely the price action will be trigger it because of exhaustion.... Don't be GREEDY!!! and there is going to be a change of direction at TP 2 because it's a fake break out. The original direction is downwards.
Retracement;
Entry: 0.69500
stop loss: 0.72000
TP 1: 0.65600
TP 2: 0.61600
TP 3: 0.55200
Entry: now
Stop-loss: 0.55000
TP 1: 0.64400
If the price action breaks 0.65500 then the price action is likely to get to TP 2
TP 2: 0.69500
NOTE: If you put your TP 2 inside the box/at the top of the box, it's very unlikely the price action will be trigger it because of exhaustion.... Don't be GREEDY!!! and there is going to be a change of direction at TP 2 because it's a fake break out. The original direction is downwards.
Retracement;
Entry: 0.69500
stop loss: 0.72000
TP 1: 0.65600
TP 2: 0.61600
TP 3: 0.55200
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