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RaynLim
Feb 4, 2024 3:35 PM

A Successful Long Trade on Bullish Butterfly Pattern Long

New Zealand Dollar/Japanese YenFXCM

Description

Those who went long on the NZDJPY Bullish Butterfly Pattern might have profited more than 100 pips (~1,000 USD/lot).

The trader suggests waiting for a Type 2 Butterfly Pattern at 89.35 or a retest of support at 89.73 for a counter-trend buying opportunity.

What's your trade plan for NZDJPY?
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