NZD.JPY - Bearish Bat Pattern - 74.639

Penjualan

Dollar New Zealand / Yen Jepang (FX:NZDJPY)

FX:NZDJPY Dollar New Zealand / Yen Jepang

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On the NZD.JPY 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 74.639 & 74.885
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 72.813
Stop loss would be placed above X leg structure resistance.

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