Dolar New Zealand / Dolar A.S.
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Bat pattern on bat pattern for NZDUSD

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On the NZDUSD we are currently waiting for a completing bat pattern, however, while in short term consolidation the pair has formed another smaller bat pattern. Both correspond with the overlying trend. Targets for both patterns are set at a 0.618 retracement respectively with stop losses being placed at a 1/1 risk reward ratio respectively. Could be a good way to scale into the current downtrend that NZDUSD is in. If price reaches both stop losses it could be showing an overall price reversal.
Nota
The first pattern in the top left hand corner is not part of this trade. Just a leftover drawing from late last month.
Dagangan aktif
Dagangan ditutup: hentian tercapai
On the bright side unemployment in New Zealand went down.

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