NZD/USD - Bullish Bat + Descending Channel **ANOTHER ONE**
WE GOT ANOTHER ONE!
Today, we have the NZD/USD -1.02% on the 1W chart. It looks like we have potential for ANOTHER bullish bat!
LOTS of confirmation on this analysis!
The pattern is forming within the ascending and descending channel .
For all you fundamentals out there, the U.S. will be raising rates 3 more times this year. That means price will be going down, which explains the descending channel
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
Today, we have the NZD/USD -1.02% on the 1W chart. It looks like we have potential for ANOTHER bullish bat!
LOTS of confirmation on this analysis!
The pattern is forming within the ascending and descending channel .
For all you fundamentals out there, the U.S. will be raising rates 3 more times this year. That means price will be going down, which explains the descending channel
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
