Today, we are looking at the USD/ZAR on the 1h chart.
Price is making its way down to D point quite nicely!
12.95 level is a huge support and resistance zone. We can definitely look for price to reverse at this point.
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
Price is making its way down to D point quite nicely!
12.95 level is a huge support and resistance zone. We can definitely look for price to reverse at this point.
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
