Potential Bearish Harmonic - NZDCHF (4Hr)
Hello Traders,
I have observed potential Bearish Bat Pattern on NZDCHF 4 hour chart. Potential Reversal Zone (PRZ) is highlighted for short entry. Here, PRZ is made of 1.27AB=CD, 2.24BC and 0.886XA Fibonacci ratio confluence. This potential set up has a risk/reward of 1:1.4 for Target-1 and 1:2.2 for Target-2.
Follow this idea for further updates.
Happy Trading!
I have observed potential Bearish Bat Pattern on NZDCHF 4 hour chart. Potential Reversal Zone (PRZ) is highlighted for short entry. Here, PRZ is made of 1.27AB=CD, 2.24BC and 0.886XA Fibonacci ratio confluence. This potential set up has a risk/reward of 1:1.4 for Target-1 and 1:2.2 for Target-2.
Follow this idea for further updates.
Happy Trading!
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