Bearish Bat, NU short w/ confluence, Good RR

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

Komentar:

Note: TP1 is 0.236 of CD not 0.382 of CD. Type. Cheers