NZDUSD Large Scale Bearish Bat
We've come to the measured completion of the AB=CD to the upside. Though patterns of this size generally leave you with a large Price Reversal Zone.
DXY just completed a Bearish Bat H1, however, the dollar made a strong rally back in to previous trading range. Price action still indicates movement to the north. DXY is also on a large scale Bearish Bat so I'll be waiting for the correlations to line up more appropriately.
We're seeing divergence building on D1 in conjunction with a rising wedge, and strong price rejection at the 0.73000's. However, this a large pattern so patience is your best weapon in executing.
DXY just completed a Bearish Bat H1, however, the dollar made a strong rally back in to previous trading range. Price action still indicates movement to the north. DXY is also on a large scale Bearish Bat so I'll be waiting for the correlations to line up more appropriately.
We're seeing divergence building on D1 in conjunction with a rising wedge, and strong price rejection at the 0.73000's. However, this a large pattern so patience is your best weapon in executing.
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