Trade Ideas Educator: NZDJPY Butterfly

Long

Dollar Néo-Zélandais / Yen Japonais (FX:NZDJPY)

FX:NZDJPY Dollar Néo-Zélandais / Yen Japonais

harmonicpatterns butterflypattern trendanalysis askforex100 sidewaysbounce nzdjpy bullishbutterfly stacktrade protraders countertrend

An emerging bullish butterfly pattern just has shown up within the sideway bounce and counter-trend trade on a higher timeframe perspective.

I'm very much to wait for a confirmation to engage the trade and I might just extend the trade beyond the sideway bounce.

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