ShelbySaturn

NZDUSD Large Scale Bearish Bat

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
We've come to the measured completion of the AB=CD to the upside. Though patterns of this size generally leave you with a large Price Reversal Zone.

DXY just completed a Bearish Bat H1, however, the dollar made a strong rally back in to previous trading range. Price action still indicates movement to the north. DXY is also on a large scale Bearish Bat so I'll be waiting for the correlations to line up more appropriately.

We're seeing divergence building on D1 in conjunction with a rising wedge, and strong price rejection at the 0.73000's. However, this a large pattern so patience is your best weapon in executing.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.