Kishore
Short

NZDUSD BEARISH BUTTERFLY PATTERN!!!!

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
1056 8 31
MARKET ANALYSIS: The pair has broken the channel resistance and made a new high. But now we have formed a bearish butterfly pattern near the resistance level . If the pattern is valid we can expect a new downtrend to the next possible support level . So lets wait and see what the market does in the coming days. Cheers!
Trade closed: target reached:
snapshot
wow. As per butterfly pattern it came down and if one would have gone on sell but again it broke the butterfly's highest level so if someone who is in sell his sl would have been hit. Am I right?
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Kishore paulsubbureddy
@paulsubbureddy, Hello sir, actually since we have a big take profit our stops were above the next resistance level. So you would be safe only. Sl would not have been hit. Cheers!
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thanks mate
+1 Reply
Kishore Alland296
Thank you very much. Cheers~
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Thank you sir. It's all ways nice to see ur charts. They are mostly accurate. Well done!
+1 Reply
Kishore williamdbruce737
Thanks for the compliment. Really appreciate ur supports. Cheers!
Reply
Agreed!
+1 Reply
Kishore KyleMcQuade
Thanks!
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