corganmusic

GBPNZD 1D BAMM (Bat) Pattern, Bullish

Long
FX:GBPNZD   Livre sterling / Dollar Néo-Zélandais
A great oppritunity for a buy in GBPNZD, We've got a valid Bat Pattern, which means we can BAMM it up from B point to D point.
Measurements for our Bat
A = .382 - .5
B = .382 - .886
C = 1.618 - 2.618
D = .886

We've got a great Risk/Reward of 1 risk to 3 reward - honestly, if you set the Stop Loss closer to B point, you could achieve an even higher ratio. I'm more worried about losing money with broker fees than I am the trade lmao.

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