McQuant

Defective bullish buttefly

Long
FX:NZDCHF   New Zealand Dollar/Swiss Franc
0
I can see some bullish harmonic cypher being emerged on the chart. Seems like bullish butterfly but because B point is not perfect for pattern being bullish butterfly I call it ‘defective’. With that being said other price levels and pattern points are pretty correct and fits with butterfly recipe. I can also see significant RSI divergence with price. So I guess I can go long here with reasonable stop loss.

Chase value, not price
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.