Bearish Bat AUD/NZD

٨ مارس ٢٠١٧

Price with this pair has began to range- the ideal market for harmonic patterns! Among the chaos, we have a bearish bat formation- expecting price to drop from around 1.12 to 1.06, a potential return of 600 pips! Stop loss just above the high prior to the X point but still keeping the 1:2 risk:reward!

Bat ratos
AB: 0.382-0.5
BC: 0.382-0.886
CD: 1.618-2.618
XD: 0.886