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nadavhurwitz
Dec 4, 2020 8:35 AM
NZD/CAD - Bearish Butterfly - Harmonic Patterns
Short
FX:NZDCAD
1D
New Zealand Dollar/Canadian Dollar
FXCM
Description
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Dec 4, 2020 8:35 AM
NZDCAD
Short Idea.
Formation of a butterfly pattern with a tight convergence on the Potential Reversal Zone (PRZ) levels.
PRZ converges with a rising resistance line.
On a 4 hour chart we can see a large engulfing candle with a MACD Divergence.
Stop Loss at 1.41 XA
Take Profit 1 at 38.2 AD
Take Profit 2 at 61.8 AD
Happy Trading!
Trade active
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Dec 9, 2020 4:24 PM
Move Stop Loss to entry point
Harmonic Patterns
Technical Indicators
Chart Patterns
NZDCAD
Bearish Butterfly
macddivergence
short
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