NZD/JPY: Bearish Bat

in #forex9 years ago (edited)

Hello traders, here we have NZD/JPY on the 4h with a potential bearish bat pattern. 

All-round excellent opportunity with over 1:3 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 

I'll be looking for additional confirmation before taking the trade!

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