AUD/NZD - Bullish Bat

٢٩ مايو ٢٠١٧

What's up everyone, here we have AUD/NZD with a bullish bat pattern on the 4h chart.

Excellent opportunity with over 1:3 risk to reward.

The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50 (price closed below the 50% but I would still consider the structure valid)
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886

The D point aligns with the daily trendline which has proven to be a key pivot point in the market, I'm expecting price to stall out upon completion.

I hope you all have a great week!

٥ يونيو ٢٠١٧

ملاحظة

Nice reversal upon completing the D leg.

I'd just like to make you all aware that the AUD rate statement is tomorrow.

٢٤ يوليو ٢٠١٧

أغلقت الصفقة: تم الوصول للهدف

Another one... I've got more analysis on the way, I'm short on NZD/JPY.