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Bearish Harmonic Pattern GBPNZD (Daily)

Short
British Pound / New Zealand Dollar (FX:GBPNZD)  
safri  
FX:GBPNZD   British Pound / New Zealand Dollar
Harmonic Patterns harmonictraders Bearish Bat Bat potentialreversalzone PRZ
7
0
harmonicpatterns harmonictraders bearishbat batpattern potentialreversalzone prz
Hello Traders,

Here is another potential Bearish Bat Pattern on GBPNZD daily chart. Potential Reversal Zone (PRZ) is highlighted for Short Entry. Here, PRZ is made of 1.618BC, 0.886XA and 1.27AB=CD Fibonacci ratio confluence. This potential set-up has a risk/reward of 1:1.4 for Target-1 and 1:2.2 for Target-2.

Follow this idea for further updates.

Happy Trading!
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