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.

Comentário:

Nice rally after the interest rate results.
If you had entered around 0.694, trade will be running about 60+ pips profit.

Comentário:

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.