TradingView
Tumi_Sosa
May 10, 2017 8:22 PM

Nice Bearish Butterfly Pattern on the NZDJPY Short

New Zealand Dollar/Japanese YenFXCM

Description

I'm looking to sell this setup since it has approached a strong resistance zone. I do believe the trends upward impulse momentum has slowed down so expect a nice correction before selling. Stochastic is also nicely overbought.

My Target area: 78,200 - 78,000

Always apply risk management.

:)

Comment

Fib Zone and Stochastic reached overbought area. Wait for sell signal.

Comment

Daily Chart

Trade closed: target reached

Hope you locked in those profits. :)
Comments
chresron
Amazing set up...
Tumi_Sosa
@chresron, Thank you
patterntrader
Top-notch trade setup. I have to confess that charting is a skill. Hope things transpire well. Continue your good work and thanks for sharing it.
Tumi_Sosa
@patterntrader, Thank you :)
Rooh
very nice!
Tumi_Sosa
@Rooh, Thanks :)
More