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mortonmarket
Oct 6, 2017 1:27 AM

NZDCHF BULLISH BUTTERFLY Long

NZD/CHFOANDA

Description

This is looking like a great trade forming. I have to be honest this is one of my favorite pairs to trade!

We are past the C leg and on the way to the D leg on this 4hr timeframe. Notice the large number of candlesdticks within this pattern. This spans over several months actually starting to form back in May 2017. What this means to me is A LOT OF PIPS!!! It also means patience is required and proper entry is important. I will keep this trade updated as I am already anxious to jump in this one with a 2-3% risk.
Thank you for taking the time to look at my ideas and I hope you will follow me for dozens and dozens of future ideas
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