NZDUSD - Butterfly Pattern on 30M chart
A potential bearish butterfly pattern is spotted on 30min chart.
NZDUSD has been on an uptrend for weeks, so it is considered a counter-trend trade.
It's a short term trade so I feel its fine.
R:R at 1.9 (TP1) and 3.1 (TP2).
Good luck.
NZDUSD has been on an uptrend for weeks, so it is considered a counter-trend trade.
It's a short term trade so I feel its fine.
R:R at 1.9 (TP1) and 3.1 (TP2).
Good luck.
Trade closed: stop reached
Stopped out at 13 pips.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.