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KyleMcQuade

Bearish Bat AUD/NZD

Short
Australian Dollar / New Zealand Dollar (OANDA:AUDNZD)  
KyleMcQuade  
OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
Bearish Patterns Bat Harmonic Patterns pattern short aud nod sixfigurecapital range
7
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bearish batpattern harmonicpatterns pattern short aud nod sixfigurecapital range
Price with this pair has began to range- the ideal market for harmonic patterns! Among the chaos, we have a bearish bat formation- expecting price to drop from around 1.12 to 1.06, a potential return of 600 pips! Stop loss just above the high prior to the X point but still keeping the 1:2 risk:reward!

Bat ratos
AB: 0.382-0.5
BC: 0.382-0.886
CD: 1.618-2.618
XD: 0.886

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