On
NZDUSD
, the market is not trending (moves sideways) on 1H bars. This market condition may not attractive to trend followers, but its great for harmonic pattern traders. There is a valid Bat pattern, which finished its final D leg and reversed exactly at 88.6% Fibonacci level. Thus, it is confirmed and this set-up gives an opportunity to go short. However, it is better to wait the market to be opened and then enter; this way we avoid any unexpected moves may occur at weekends/market opening.
T1 - 38.2%
T2 - 61.8%
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NZDUSD
, the market is not trending (moves sideways) on 1H bars. This market condition may not attractive to trend followers, but its great for harmonic pattern traders. There is a valid Bat pattern, which finished its final D leg and reversed exactly at 88.6% Fibonacci level. Thus, it is confirmed and this set-up gives an opportunity to go short. However, it is better to wait the market to be opened and then enter; this way we avoid any unexpected moves may occur at weekends/market opening. T1 - 38.2%
T2 - 61.8%
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Do you Trade Binary Options? We made a list of 10 Best Brokers at www.binaryreviewed.com
