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: www.sixfigurecapital.com