NZD/CHF - Bullish Bat (Back to Back)

What's going on traders, I hope you've all had an excellent week. I'm bringing you an opportunity to keep on the watch list, today we have NZD/CHF on the 4h chart with a bullish bat pattern.

It's a back to back setup as price previously formed a bearish bat pattern which almost hit SL at 1.13 of XA, price reversed and achieved TP 1 and 2.

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
XA Retracement: 0.886

We're looking at a 1.272 AB=CD , 2.24 BC and 0.886 XA in the PRZ for this particular setup.

I'll update my analysis once all ratios have been tested in the zone! Have a great weekend :)
Comment: Price has now fully tested the PRZ as predicted at the beginning of June.

1.272 AB=CD, 2.24 BC projection and 0.886 XA retracement.

Support is holding well, I'm waiting for the next few candlestick formations before executing.
Comment: Looking for a breakout to confirm the reversal at the PRZ.

Comment: Price has broken the support trendline, we may see further downside.

Attention has now turned to AUD/NZD on the 1h.

This is still a valid trading opportunity, I'll be monitoring closely.
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We are waiting for your btcusd analysis Sir
Hi Lewis .Is it good idea to put pending order on 0.68100?
LewisGlasgow MASOOD1364
@MASOOD1364, hey, good to hear from you :) I'd wait to confirm the close above the trendline, best to analyse in real time and we can then go long.

Currently looking at other timeframes to confirm the reversal.
MASOOD1364 LewisGlasgow
@LewisGlasgow, thank you so much for explaination and for sharing your idea
+1 Reply
LewisGlasgow MASOOD1364
@MASOOD1364, you're welcome man!
welcome bck, missed ur fx charts
@TAJIR_B, thank you man :) will be posting more frequently!
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