GcNaif
Short

Short on Bearish Butterfly

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
575 3 13
i will be shorting this to trade the bearish butterfly in pink. also there is a possibility of potential cypher pattern in sky blue. Trade details in chart.
Order cancelled
I am a Chart Slave.Thank you TradingView and @nmike.
This is not a bearish butterfly in pink. a butterfly pattern has a b point of a 78.6, not a 90!+ .. source: https://www.fxgroundworks.com/butterfly-pattern/ and that pattern in blue statistically doesn't have an edge, it was proven.
Reply
GcNaif MOD trader888
Trader888 thankyou for reply, i usually dont reply to ratio related questions, for me i am flexible with ratios if they are close enough, just for your info for butterfly i consider b tobe between 0.78 to 0.88 and that is a wick at b ,so its ok for me,
Reply
mmm
snapshot

snapshot
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out