Scottcarney
NZDUSD - Dual Pattern CompletionI have a bullish bat and butterfly pattern completed over here.
I'm going with the bat pattern's TP and SL, SL is bigger, more buffer for my trade.
R:R at 1.1 (TP1) and 2 (TP2).
It's fine if you wish to go with the butterfly setup, but SL is much tighter (I did not plot TP and SL for the butterfly pattern).
Notice RSI for H1 and H4 are oversold, using H1 chart to find good entry is fine.
NZDCAD - Potential Bat Pattern on H4 ChartMy 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.