2018Oct18 EURNZD H4 Bullish Bat

EURNZD has been on a recent downtrend and completed a bullish bat. Upon confirmation of the bullish bias, I will go long. Stop loss is just below the X point while the take profit target is at the 38.2 Fibonacci retracement level of the leg AD. Trade details are as follows:

Trade Setup: Bullish Bat
Price Entry 1.75310
SL 1.74748 | SL pips 56.2
TP1 1.76829 | TP1 pips 151.9
RRR1 2.70