6.1.8.Family
Long

A Potential Bullish Bat Pattern on NZDUSD

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
Out of all the advance patterns, Bat pattern is my favourite. And this is because of the favourable risk : reward ratios it generates. Usually, there is a 1: 2 risk : reward ratio. However, taking into account the structure on this trade, I am taking a 1:1.5 which meets my trade plan requirements, and potentially shooting for higher target.

So what does this trade has to offer in terms of technical analysis:

1. A support zone.
2. Ratio confluence.
3.Divergence
4.And of course a potential Bat pattern .
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