What's up everyone, here we have NZD/USD with a bearish 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
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
This chart is full of key support and resistance zones, it will be easy to validate moves higher and lower within this range.
I hope you all have a great week!
Excellent opportunity with over 1:3 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
This chart is full of key support and resistance zones, it will be easy to validate moves higher and lower within this range.
I hope you all have a great week!
📈 Master the Art and Science of Trading: www.sixfigurecapital.com
