NZDCAD Trend following with a Bearish Bat

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
30 5 1
NZDCAD             has just completed a bearish Bat pattern.
This might be a good entry signal for a trend following trade.

Good trading !
Looks solid.
IvanLabrie IvanLabrie
IvanLabrie IvanLabrie
3:1 r/r, should start falling soon, I get an estimate of 2:20hs.
You need to pay attention to the important news that will be released tomorrow (NZD Cash Rate). It'd be prudent to wait until tomorrow before entering this trade
IvanLabrie marco_casario
If the pattern is what I think it is, it'll collapse very soon.
Gold is about to bottom I think, so maybe this is the last push down before a reversal. (which would match the timing for the RBNZ rates)
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