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NZD/JPY - Bearish Bat

Short
New Zealand Dollar / Japanese Yen (OANDA:NZDJPY)  
enricomb  
OANDA:NZDJPY   New Zealand Dollar / Japanese Yen
NZDJPY short Bearish Patterns Bat pattern Harmonic Patterns trading
5
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nzdjpy short bearish batpattern pattern harmonicpatterns trading
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!
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