Description
⋅ 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***