ChrisThein
Short

NZD/USD 240/60 min Bearish Bat and Long opportunity

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
7 months ago
There is nice bearish bat pattern setting up on the 240min chart. I would look to get short around .6942, stop above the swing high around .6973, target one .6830 and target two at .6775. If you are looking for shorter term long opportunity, I would look at the .6830-.6820 zone highlighted in blue. There is a .382 fib right into some structure. The 60min chart made new high look for a pullback to get long. Good luck trading out there.
7 months ago
Comment: The bearish bat completed. If you are still looking to get short you can look around the .6940 level for a double top potential.
7 months ago
Comment: Price hit the first target that I mapped out. We'll see if continues to fall. Good luck trading out there.
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