Hello Traders,
I have observed potential Bearish Bat Pattern on NZDCHF 4 hour chart. Potential Reversal Zone (PRZ) is highlighted for short entry. Here, PRZ is made of 1.27AB=CD, 2.24BC and 0.886XA Fibonacci ratio confluence. This potential set up has a risk/reward of 1:1.4 for Target-1 and 1:2.2 for Target-2.
Follow this idea for further updates.
Happy Trading!
I have observed potential Bearish Bat Pattern on NZDCHF 4 hour chart. Potential Reversal Zone (PRZ) is highlighted for short entry. Here, PRZ is made of 1.27AB=CD, 2.24BC and 0.886XA Fibonacci ratio confluence. This potential set up has a risk/reward of 1:1.4 for Target-1 and 1:2.2 for Target-2.
Follow this idea for further updates.
Happy Trading!
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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.