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marco_casario
Jul 21, 2015 6:22 PM

NZDCAD Trend following with a Bearish Bat Short

New Zealand Dollar/Canadian DollarFXCM

Description

NZDCAD has just completed a bearish Bat pattern.
This might be a good entry signal for a trend following trade.

Good trading !
Comments
IvanLabrie
Looks solid.
IvanLabrie
IvanLabrie
3:1 r/r, should start falling soon, I get an estimate of 2:20hs.
marco_casario
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
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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