GBPNZD - Bearish Bat on Daily Chart (PRZ retest) Short
BRITISH POUND / NEW ZEALAND DOLLARICE
Description
⋅ A couple of short ideas for GBP pairs next week, including GBPCHF.
- Note that pattern has already completed and reacted
- However, price went back and closed slightly above PRZ
- MIGHT be a retest for this bat pattern if price shows signs of reversal
- R:R at 1.4 (TP1) and 2.4 (TP2)
- Will find entry point based on H4 chart and candle type
Trade active
⋅ Shorted at 1.7830
Comment
⋅ Spotted a completed bearish butterfly patter on H1.