FullTimeTrader

NZDJPY-bouncing on EMA 200-bullish butterfly

Long
FX:NZDJPY   New Zealand Dollar / Japanese Yen
11
A risky trade!! Not for everyone I expect all NZD pairs to make a significant retracement very soon.

I will trade this on D1 but we can see it better on W1 chart.

- Bouncing on EMA200
- bullish butterfly
- gap to be filled
- an EW flat 3-3-5 correction
- bollinger band duplication (not shown)

I will place the SL below 80.00

Best Regards!!!

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