PateSkpate
Short

NZDUSD Daily Outlook + TCT+ Bat Pattern

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD             has been in a downtrend on the Daily chart for a very long time. We may be in the middle of another retracement giving us a great opportunity short into strength. This will be a Huge trade and would require a 350 Pip Stoploss. But the Reward is over 1,200 Pips. This is an excellent opportunity for a Position Trader as it will take months to play out.

I have made a "Kill Zone" using a variety of technical patterns.

1. We have a Bat Pattern completion @ .7565
2. ABCD Pattern (just barely makes into my kill zone) completion @ .7414 along with the 78.6% Fib Retrace
3. 1.618% Ext - Pulled from lows to B leg of Bat Pattern . It has a nice confluence with the Bat Pattern

This will be a HIGH CTS             (Combined Technical Score) trade IF market will push back up there.

Best of Luck!
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