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.
Trade active
Bat Pattern completedTrade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.