My previous idea on the bullish bat pattern spotted on daily chart has reacted but has not hit TP1.
Another bullish bat pattern is about to complete soon on H1 chart , but I might not be awake to update this idea.
RSI is at oversold level already, I will still wait for pattern to complete before making my next decision.
R:R at 1.3 (TP1) and 2.2 (TP2).
Might actually be a good long entry for traders who did not long NZDCAD previously, do check out the related idea below.
Another bullish bat pattern is about to complete soon on H1 chart , but I might not be awake to update this idea.
RSI is at oversold level already, I will still wait for pattern to complete before making my next decision.
R:R at 1.3 (TP1) and 2.2 (TP2).
Might actually be a good long entry for traders who did not long NZDCAD previously, do check out the related idea below.
Note
Pattern has completed, should be able to enter long the next hour if price and RSI shows some reversal.Note
Traders, just a note of caution : RBNZ interest rate decision is in 5 hours time.If you want to do you risk adjustments now (shift SL to stop loss, take some profit etc), as you wish.
Not sure what the RBNZ Rate Statement will be, I'll still be asleep when it happens.
Trade closed: target reached
Nice rally to TP1.Trade closed: target reached
TP2 hit.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.