NZDCAD: Let's draw some Fibs and triangles Short

New Zealand Dollar/Canadian DollarFXCM

Description

⋅ Jun 9, 2017 11:46 AM

Hey traders,

On the daily NZDCAD we can see a potential bearish butterfly pattern taking shape on the daily timeframe. It completes at the 127.2% and 161.8% Fibonacci extension.
Let's see how this works out!

Comments

TX1976

⋅ Jun 9, 2017 6:41 PM

I'm in this short from .97292 played off the 76 reversal on D1

11021992

⋅ Jun 12, 2017 6:56 PM

@ASuarez1976, You must be in some good profits now :)

salah3827

⋅ Jun 9, 2017 2:14 PM

Are you in this trade? what is the bearish target ?

11021992

⋅ Jun 9, 2017 6:17 PM

@salah3827, Waiting for price to hit the blue bar. More details are available in my trading channel.

salah3827

⋅ Jun 12, 2017 6:54 PM

@11021992, Is (D) completed at 0.97566 ? or you think it will rebound to 0.97771?