A potential bearish butterfly pattern is spotted on 30min chart.
NZDUSD has been on an uptrend for weeks, so it is considered a counter-trend trade.
It's a short term trade so I feel its fine.
R:R at 1.9 (TP1) and 3.1 (TP2).
Good luck.
NZDUSD has been on an uptrend for weeks, so it is considered a counter-trend trade.
It's a short term trade so I feel its fine.
R:R at 1.9 (TP1) and 3.1 (TP2).
Good luck.
Trade closed: stop reached:
Stopped out at 13 pips.