I see a bearish bat completing on NZDUSD.
The USD looks strong and I think it is unlikely to turn soon.
If you refer to my previous post on the NZDUSD daily bullish bat, I remain bullish in the longer time term, but I am still interested to short it in the shorter time frame.
NZDUSD should need more time to consolidate before any big movement upwards.
Therefore I am interested to see how price reacts to this bearish bat pattern on the H1 timeframe next week.
I am interested to ride it from 0.6890 to 0.6820 depending on the vol cues at the PRZ.
Will keep you guys posted.
The USD looks strong and I think it is unlikely to turn soon.
If you refer to my previous post on the NZDUSD daily bullish bat, I remain bullish in the longer time term, but I am still interested to short it in the shorter time frame.
NZDUSD should need more time to consolidate before any big movement upwards.
Therefore I am interested to see how price reacts to this bearish bat pattern on the H1 timeframe next week.
I am interested to ride it from 0.6890 to 0.6820 depending on the vol cues at the PRZ.
Will keep you guys posted.
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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.