TomHall
Short

NZD.USD - Bearish Bat Pattern - 0.6938

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
On the NZD.USD 1h chart we have a potential short opportunity at the D leg completion of a Bat Pattern .

The price reversal zone on this pair is between 0.6938 & 0.6946
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Fibonacci Confluence: 88.60% - 1.618%

Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the A to D move.
There is also opportunity to look for extended targets at around 0.6829
Stop loss would be placed above X leg structure resistance .

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Thanks for sharing. Now lets wait and see.
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