OANDA:GBPNZD   British Pound / New Zealand Dollar
Hello traders, here we have GBP/NZD on the 1h chart with a valid bullish bat pattern.

All-round excellent opportunity with over 1:2 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 is one to watch right now, I thought I'd share this before heading off for the day.

The D point forms on a key daily support level , I will share more analysis as the pattern progresses.

I'll be looking for additional confirmation before taking the trade!
Comment: C point validated, trade inactive, onto the next one.
Comment: Sorry C point violated***
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Comments

hi , i see it long already
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Are you still in this trade with the latest spike? Though a triple top has been formed.....
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LewisGlasgow shettytushar
@shettytushar, the trade is not active until price reaches D, from there I re-analyse my setup.
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wonderbro LewisGlasgow
@LewisGlasgow, But if price increases over A then the setup is invalidated. Or do you see it different?
Reply
LewisGlasgow wonderbro
@wonderbro, that is correct yes
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