farid_ardavani
Short

butterfly is developing ?

FX:NZDJPY   New Zealand Dollar / Japanese Yen
8 0 1
i dont think break that strong resistance; but if we have a break out there, price action can easily 1.272 fibo ratio and make a butterfly pattern , then because its a bearish pattern , we'll have a good opportunity to go short, cause the main trend is down.
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