Buy NZD/CAD, a bullish bat pattern show

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Now NZD/CAD has shown a bullish bat form near 0.8720: this pattern in this case, B is 61.8 percent of theXA andD is 88.6% of XA.
88.6% of XA retracement is the decisive factor in bat form and is only 0.886 of XA.And D points need to be determined by the BC segment: here, D is 1.618 times as far as the BC, forming a potential reverse zone
In the area of 0.87136, the stop loss was set at the early low of 0.8686, and the target was 0.8800 in the vicinity of the downtrend line.


What is it that might help to judge? Yes!
From the price area, there is a support area around 0.87. The price has a pull up behavior near the three ICONS shown in the picture. Will history repeat ?


Secondly, this bat contains the form AB= CD!

In addition, the candlestick has the sign of the hammer line, if the later period does not break below the lower film line, then the hammer candle pattern form, the boost bullish.
The RSI index also has a rebound need near 30

Comment:

Trade closed: target reached:

thank you ! MR amrket