Bullish Bat
NZD/USD - Bullish Bat Type-II RetestTraders I hope you're having a good week so far, today I'm bringing you a trading opportunity on the daily timeframe for NZD/USD.
We're looking at a bullish bat type-II retest as the initial reversal in the PRZ was short lived. I believe once we can confirm this reversal it'll go the full way.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
XA Retracement: 0.886
We're looking at a 2.0 AB=CD, 2.24 BC and 0.886 XA in the PRZ for this particular setup, all ratios have been confirmed and awaiting the "Terminal Price Bar" to close.
This setup is extremely similar to my previous post covering NZD/CHF which is shown below.
Thank you for your support!
#REQ technicals are excellent, bullish bat confirmed#REQ has been consolidating nicely for quite some time and is due for a pump. Indicators are ripe: Stoch crossing over and forming a double bottom, indicating an uptrend is to come. MACD flat waiting to crossover, will happen once we attempt to break red downtrend line. RSI bottomed out close to 20. Most importantly, bullish XABCD bat pattern is confirmed. Targets are blue lines.
Monaco: Time to gamble? 13:1 R:R says yes!Monaco has just taken out a missed weekly central pivot from a few weeks back. Its heading down to S2 weekly and there are multiple missed central pivots above (2 weekly & this months monthly). Add in a BAT pattern which looks to be setting up with an insane 13:1 R:R and Im am looking seriously at this.
To be clear I'm looking to trade the CD leg of the BAT.
Monero: Using small BAT to trade CD leg of BIG GartleyMonero has completed a bullish BAT at 88.6 which also happens to be weekly S2. In this case I am using the smaller BAT to trade the CD leg of two Gartley patterns (one smaller one larger).
R:R on the smaller Gartley (trading the C D leg) is around 8:1 and for the bigger Gartley (trading the C D Leg) is almost 14:1
Lets see how things play out.
GBNZD LONG BAT ? 177pips Well what do we got here?
Our bounce strategy hit SL so...
GBPNZD Bullish BAT ?
Point B retraced XA past .5 level but not beyond 0.618 CHECK
Point C retraced AB past 0.618 but not beyond 0.886 or A CHECK
(If) price retraces XA and touches 0.886 to form Point D (also 1.618 extension of AB)
Then we're LONGing
600 SL
TP 1 ~ NZD 1.95721
TP 2 ~ NZD 1.95930
t > @bizlus #ff