NZDUSD - Bullish Bat Pattern Completed on Daily Chart
- Bat pattern has completed
- Price might have gone slightly below PRZ, however I see some consolidation on H4 chart
- RSI is also showing bullish divergence on daily chart, still at oversold level though
- R:R at 1.5 (TP1) and 2.5 (TP2)
I take it that pattern is being retested.
Performing multiple time frame analysis can give you a better picture of how price is reacting right now, thus finding better entry and exit points.
Although R:R is not bad, pattern is on daily chart, do adjust your lot size according to your risk.
Trade safe.
Bình luận:
Trade will be running about 80 pips profit now.
It is advisable to shift SL to breakeven for a risk-free trade.
For traders who did not know this, going long on NZDUSD yields positive swap daily as well.
It is advisable to shift SL to breakeven for a risk-free trade.
For traders who did not know this, going long on NZDUSD yields positive swap daily as well.
If you had entered around 0.694, trade will be running about 60+ pips profit.