NZD/USD - Bullish Bat
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Hello traders, following up from my previous post on NZD/USD with a three drives pattern (chart is shown below), price is now forming a bat pattern on the 1h timeframe.
I'm expecting a short-term trading opportunity before continuing the bigger picture.
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
Thank you all for your continued support, don't forget to add me on social media :)
I'm expecting a short-term trading opportunity before continuing the bigger picture.
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
Thank you all for your continued support, don't forget to add me on social media :)
Note
Price is now approaching the D point and we're 40 pips off, I'm expecting a reversal upon reaching support around 0.69100.Keep an eye on this setup!
Note
Extremely precise reversal!!!Note
Final take profit level hit, well done to everyone who took the trade.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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