Nico.Muselle
Long

NZDUSD - bullish bat pattern looking for completion

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
591 5 6
No lengthy explanation this time as the chart pretty much speaks for itself. Price is currently sitting right under a resistance level and has been rejected a couple of times. Chances are high that the bat pattern will complete around 0.7510-20. That's where I will look for a long position.

Target 1 is a retracement into the current price level and is very likely to be reached, Target 2 is a bit more tricky as it would mean that we'd have to break through that resistance level and retrace to the B-point of the bat pattern .
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hi nico
+1 Reply
Nico.Muselle manijeh.kazemi.33
This could point in the same direction as my analysis, excellent ! :)
+1 Reply
Hiya. The title mentions EURNZD but the chart on view is the NZDUSD. Am I missing something? Thanks!
+1 Reply
Excellent remark ... just checking if you guys would notice... Hahaha ..
No, I was just in a hurry to post and made a mistake, you're the first to see it, thanks for that, I'll correct the title now ! :)
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Pyramidal Nico.Muselle
Hey no problem :-)
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