KumaTF
Short

Bearish Bat, NU short w/ confluence, Good RR

FX_IDC:NZDUSD   NEW ZEALAND DOLLAR / US DOLLAR
9 months ago
Here we have a Bearish Bat on NZDUSD            

Price has reacted and shown rejection at the PRZ, and currently showing signs of a solid bearish trend .
Additional confluence from the ABCD pattern . We have a 0.618 retracement of C, with D completing between the 1.618 - 2.618 levels.

TP1, and TP2 are relative to the 0.382 / 0.618 retracements of CD respectively.

Trade safe, trade smart.

-K
9 months ago
Comment: Note: TP1 is 0.236 of CD not 0.382 of CD. Type. Cheers
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