NZDCHF - Bullish Bat Pattern completing lower
The pair seems to be at resistance now, we could be looking at a CD leg trade.
The down before the buy based on the pattern.
Pattern identification
Bullish Bat pattern completing at 0.6960
Trade Execution
Looking to go short before the buy. Hope to see a smaller pattern or a setup to go short first down to the completion of the Bat pattern.
The down before the buy based on the pattern.
Pattern identification
Bullish Bat pattern completing at 0.6960
Trade Execution
Looking to go short before the buy. Hope to see a smaller pattern or a setup to go short first down to the completion of the Bat pattern.
Comment:
The Bullish Bat pattern I drew is now invalid. Price broke above the resistance and now back in the zone. The next few candles will determine the bullishness/bearishness.
Comment:
The pair tried to move up above the resistance zone, created a bearish divergence and fell below the zone again. This continues to give me a bearish bias on the pair.
Potential short could be at the 0.7040/50 resistance zone. Let's see how price reacts to that levels
(I see a bullish Shark pattern too, will post the idea separately)
Potential short could be at the 0.7040/50 resistance zone. Let's see how price reacts to that levels
(I see a bullish Shark pattern too, will post the idea separately)
