lyl89

NZDUSD - Bullish Bat Pattern Completed on Daily Chart

Panjang
lyl89 Telah dikemas kini   
FX:NZDUSD   Dolar New Zealand / Dolar A.S.
  • 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.
Komen:
Nice rally after the interest rate results.
If you had entered around 0.694, trade will be running about 60+ pips profit.
Komen:
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.
Penafian

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