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lyl89

NZDCAD - Bullish Bat Pattern Completed on Daily Chart

Long
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
lyl89 Updated   
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Harmonic Patterns Bat NZDCAD nzdcadlong Bullish Bat harmonicforex
2
0
harmonicpatterns batpattern nzdcad nzdcadlong bullishbat harmonicforex
I'm a little late for this pattern, but it's fine to enter next week as R:R is above 1 based on closing price, still within my risk appetite.
From experience, patterns found on daily and weekly charts have reacted positively so far.

If you want to wait for price to hit PRZ, R:R is 1.4 (TP1) and 2.4 (TP2).
Comment:
For traders who want to enter at a better price, here's a potential bearish gartley pattern completing soon, RSI about to reach overbought level as well.
You might be able to short this gartley pattern then long the bat pattern, profiting 2 pattern trades.
snapshot
Comment:
Hey guys, Gartley pattern has completed and price closed in PRZ, RSI hit overbought level on H1 Chart.
snapshot
Comment:
Gartley pattern has reacted and halfway to TP1.
Comment:

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lyl89
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