NZD/JPY - Bearish Bat

Hello traders, here we have NZD/JPY on the daily chart with a potential bearish bat pattern.

All-round excellent opportunity with over 1:3 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 looking for additional confirmation before taking the trade!

Commentaire:

This setup is on my watch list for the week ahead.

Currently 60 pips off the PRZ.

Transaction en cours:

Signal sent out in the Six Figure Capital Telegram channel.

Commentaire:

Expecting momentum to continue.

Commentaire:

Price has now moved back into profit following a test of resistance at X.

I'm expecting a move to 80.800 before price stalls at support.

Commentaire:

80.800 has been breached, move your stop loss into profit.

Trade fermée manuellement:

To all those not in the Six Figure Capital telegram channel I closed my NZD/JPY position earlier today (30 pips off TP).

Well done to those who held :)