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Dragon_Investments
Aug 12, 2022 12:39 PM

NZDCAD bat pattern  Short

New Zealand Dollar/Canadian DollarFXCM

Description

NZDCAD created a bearish bat pattern and is now trading a little bit above 0.886% retracement of the XA leg.
If you look at the volumes you can clearly notice that the pressure is shrinking and now there are high probabilities of a retracement towards the Point of Control in H4 chart (which also corresponds at 0.618% of Fibo retracement of AD leg).

Enjoy your trading!!

Trade closed: target reached

PRICE HIT OUR TAKE PROFIT!!!
EXCELLENT TRADE
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