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GBP/NZD - Bearish Bat
British Pound / New Zealand Dollar
Short
GBP/NZD - Bearish Bat
By LewisGlasgow
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Updated
Mar 13, 2017
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3
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Mar 5, 2017
Hello traders, here we have another bat pattern on the 4h timeframe with GBP/NZD.
Excellent opportunity with almost 1:4 risk to reward.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
I'll be expecting price to stall out once it reaches the the D point, keep this setup on your watch list.
If you want more trading inspiration be sure to connect with me below :)
Mar 13, 2017
Comment
Price is approaching 1.78700, keep an eye on this pair for a reversal this week.
Bearish Bat
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