NZDCAD big butterfly to be confirmed, look for the breakout! Long

New Zealand Dollar/Canadian DollarFXCM

Description

⋅ Nov 12, 2015 6:17 PM

First notice NZDCAD a beautiful butterfly already in play.

We will also look for the breakout of the triangle upper bound.

Aggressive trader can start the trade with entry 0.8673 and SL 0.8595

TP1 0.8779 TP2 0.8890

Otherwise we can wait for the trend breakout!

Comments

InsideMarket

⋅ Nov 12, 2015 7:56 PM

You better wait for the breakout.

agzistment

⋅ Nov 12, 2015 7:59 PM

Yes, it's better to wait because of a long triangle. A correction of NZD is expected.