NZD/USD Bullish Bat pattern completing @ 0.70000 even number
Pair has been trending up since March 2020 so Im bullish on this pair just as long as price havent violated the December lows as well as structure support at 0.70050.
This bullish bat pattern is providing nice opportunity to get in with the trend at the structure support. RSI will most likely be oversold at the comletion of pattern or even sooner, so I will be looking for RSI to be diverging before entering the trade. ATR Based stops below the patterns starting point (x), will make sure Im out of the trade in case am wrong.
I remind you that this is just my vision about possible market movements. If you have your own, please share in comments. I will be glad to discuss with you. I will be very grateful for supporting my post by your LIKEs, if it's not so hard for you.
Plan your trade, Trade your plan and Good luck in the markets!!**PEACE **
This bullish bat pattern is providing nice opportunity to get in with the trend at the structure support. RSI will most likely be oversold at the comletion of pattern or even sooner, so I will be looking for RSI to be diverging before entering the trade. ATR Based stops below the patterns starting point (x), will make sure Im out of the trade in case am wrong.
I remind you that this is just my vision about possible market movements. If you have your own, please share in comments. I will be glad to discuss with you. I will be very grateful for supporting my post by your LIKEs, if it's not so hard for you.
Plan your trade, Trade your plan and Good luck in the markets!!**PEACE **
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.