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GBP/NZD - Bullish Bat
British Pound / New Zealand Dollar
Long
GBP/NZD - Bullish Bat
By LewisGlasgow
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Updated
Feb 8, 2018
2
7
Cheer
Cheer
5
5
Feb 7, 2018
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!
Feb 8, 2018
Comment
C point validated, trade inactive, onto the next one.
Feb 8, 2018
Comment
Sorry C point violated***
Bat
Forex
Harmonic Patterns
lewglasgow
lewisglasgow
six000
sixfigurecapital
Support and Resistance
LewisGlasgow
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