We are potentially tracing out a bullish bat formation here on the NZDUSD hourly chart. There is a veeery deep C leg though so make sure you check your data on your specific trading platform. For me, this pattern is still valid but could be a different story entirely on other brokers/platforms.
After getting stopped out of a short Bat pattern were back in another short, this time a Cypher.
Been in this USDJPY 4H Cypher now for around a week, after almost getting stopped out, as well as almost hitting targets we are now edging around the break even point again. The nice deep B point gave us a good Risk Reward on this trade, especially for a...