Short NZDJPY: Possible Bat Complete at Trendline Resistance
NZDJPY may potentially complete a bearish bat at significant trendline resistance and a S/R zone. If price does reach this level before invalidating the bat patterns, there is a chance price could reach down past the X leg and complete a series of bullish patterns. Entry is placed at the bottom of the PRZ with targets at .618CD and bat/crab completion. SL is placed above 1.13XA.
Confluence in the PRZ:
Confluence in the PRZ:
- Bearish bat
- Trendline resistance
- S/R Zone
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