Hello traders, here we have GBP/NZD on the 1h chart with a valid bullish bat pattern.
All-round excellent opportunity with over 1:2 risk to reward.
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
This is one to watch right now, I thought I'd share this before heading off for the day.
The D point forms on a key daily support level, I will share more analysis as the pattern progresses.
I'll be looking for additional confirmation before taking the trade!
All-round excellent opportunity with over 1:2 risk to reward.
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
This is one to watch right now, I thought I'd share this before heading off for the day.
The D point forms on a key daily support level, I will share more analysis as the pattern progresses.
I'll be looking for additional confirmation before taking the trade!
Note
C point validated, trade inactive, onto the next one.Note
Sorry C point violated***📈 Master the Art and Science of Trading: sixfigurecapital.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Master the Art and Science of Trading: sixfigurecapital.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.