GcNaif
Short

Short on Bearish Butterfly

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
577 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.
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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,
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