NZD/JPY - Bearish Bat

٢٥ مايو ٢٠١٧

Hi everyone!

Here we have a bearish alternate bat pattern on NZD/JPY visible on the 1 hour chart.

Conditions for a valid bat pattern are:

• XB: 0.382 - 0.5
  
• AC: 0.382 - 0.886
  
• BD: 1.618 - 2.618
  
• XD: 0.886
  

Take profits are set at 0.382 and 0.618 of AD.
At target 1 half position will be closed and stop loss moved to breakeven.

Good luck everyone!