Fxprotrader
Short

NZDUSD Bearish Butterfly Completion with Potential Double Top

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
304 2 17
A little late on this one but is absolutely ok to trade it as it is.. In fact we have a much safer trade the way the structure is formed. We have a bearish butterfly completion but price retraced after a while and now is about to form a double top . So we can wait for a breakout as shown in the chart something that will confirm the sell off of price.

A small divergence with MACD adds to our concept.
Trade closed: target reached: I closed this trade just a few pips away from my first target. Stoploss to breakeven at the second one for risk free 2nd trade..
Trade closed: target reached: Second target reached
congrats fellow! Good trade
Reply
Fxprotrader Piet.Hein
Thank you piet..!
Reply
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