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
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
Nota
Note: TP1 is 0.236 of CD not 0.382 of CD. Type. Cheers
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.