OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
What's up everyone, today we have a shorting opportunity on NZD/USD with a bearish bat pattern on the 1h chart.

Excellent opportunity with over 1:2 risk to reward.

The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886

The ratio alignment for this setup is spot on, almost perfect.

Below is my view on the 4h chart.


I hope you all have a great week!
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Comments

Another good call
Reply
same opinion, nice work!
Reply
@TronoMan, thank you!
Reply
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