NZDCAD - Bullish Bat Pattern Completed on Daily Chart
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I'm a little late for this pattern, but it's fine to enter next week as R:R is above 1 based on closing price, still within my risk appetite.
From experience, patterns found on daily and weekly charts have reacted positively so far.
If you want to wait for price to hit PRZ, R:R is 1.4 (TP1) and 2.4 (TP2).
From experience, patterns found on daily and weekly charts have reacted positively so far.
If you want to wait for price to hit PRZ, R:R is 1.4 (TP1) and 2.4 (TP2).
Nota
For traders who want to enter at a better price, here's a potential bearish gartley pattern completing soon, RSI about to reach overbought level as well.You might be able to short this gartley pattern then long the bat pattern, profiting 2 pattern trades.
Nota
Hey guys, Gartley pattern has completed and price closed in PRZ, RSI hit overbought level on H1 Chart.Nota
Gartley pattern has reacted and halfway to TP1.Nota
Penafian
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