TradingView
LewisGlasgow
Jan 20, 2017 10:17 AM

NZD/JPY - Bearish Bat Short

New Zealand Dollar/Japanese YenFXCM

Description

We're looking at NZD/JPY on the 4h chart with a potential bearish bat pattern, this is an excellent shorting opportunity with over 1:3 risk to reward... Don't miss out on this one!

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

I'll be looking for additional analysis in the near future :)
More