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lyl89

AUDNZD - Bullish Bat Pattern Completed on H4 Chart

Long
Australian Dollar / New Zealand Dollar (OANDA:AUDNZD)  
lyl89 Updated   
OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
AUDNZD audnzdlong Bat Bullish Bat Harmonic Patterns harmonicforex
11
0
audnzd audnzdlong batpattern bullishbat harmonicpatterns harmonicforex
  • Bat pattern has completed
  • RSI at oversold level
  • R:R at 1 (TP1) and 1.7 (TP2)

Keep a lookout for RSI divergence.
Previous idea on USDCAD completed bat pattern showed RSI failure to show any sign of retracement below 70.
Trade active:
Long at 1.07043
Comment:
Shifted SL to breakeven
Comment:
Trade is running at about 60 pips profit, we are close to TP1.
Traders may choose to shift SL to lock in 30 pips profit, depending on individual.
Trade closed: target reached:
TP1 hit with 95 pips profit.
Congrats for those who followed.
Trade closed: target reached:
TP2 hit with 180 pips profit.

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