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lyl89
Feb 4, 2018 5:00 PM

NZDCHF - Potential Bat Pattern forming on H4 Chart Long

New Zealand Dollar/Swiss FrancFXCM

Description

A potential bullish bat pattern is completing very soon with RSI at oversold level.
PRZ is also at a good support level.
However, we still need to see some price or RSI retracement upon pattern completion to decide.

R:R at about 1.7. Good luck and have a good week ahead.

Comment

Pattern has completed but RSI is still hovering at the oversold level.
Not signal to long at the moment.

Comment

Can look to long at the next H4 candle.

Trade active

Hope you guys took the trade, suggest to shift SL to breakeven for a risk-free trade.

Trade closed: stop reached

Trade closed at breakeven.
Comments
pharmoussa
This is Scott Carney pattern
lyl89
@pharmoussa, yes that's right.
AndresDiaz
Excellent Thankyou
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