There are some amazing setups forming on the charts, here we have NZD/JPY on the 1h chart with a potential bearish bat. Excellent opportunity we will be trading with over 1:2 or 1:4 risk to reward depending on your take profit level.
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
I'll be looking for extra confirmation once we approach our D point, I'm watching this pair heavily going into a new week.
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
I'll be looking for extra confirmation once we approach our D point, I'm watching this pair heavily going into a new week.
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