Hi, guys, this analysis is for those who want to hold the position for long-term
this strategy's name is BAMM (bat action magnet move ) when we predict a bat pattern on the chart we should wait for B leg breakdown and then enter the trade, in this case, I predicted one nice bat pattern on weekly chart NZD/USD and as you can see B leg breaks down and now we can enter the trade to D leg .
I hope you enjoy it.
this strategy's name is BAMM (bat action magnet move ) when we predict a bat pattern on the chart we should wait for B leg breakdown and then enter the trade, in this case, I predicted one nice bat pattern on weekly chart NZD/USD and as you can see B leg breaks down and now we can enter the trade to D leg .
I hope you enjoy it.
Note
Note
it's a good opportunity to enter the short on NZD/USD and the price continues to go downNote
Note
SL can be on the previous high.Note
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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.