NZD/USD - Bearish Bat
What's up everyone, today we have a shorting opportunity on NZD/USD with a bearish bat pattern on the 1h chart.
Excellent opportunity with over 1:2 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
The ratio alignment for this setup is spot on, almost perfect.
Below is my view on the 4h chart.
I hope you all have a great week!
Excellent opportunity with over 1:2 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
The ratio alignment for this setup is spot on, almost perfect.
Below is my view on the 4h chart.
I hope you all have a great week!
📈 Master the Art and Science of Trading: sixfigurecapital.com
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.