NZDUSD. Possible Butterfly pattern
Another risky setup having only One reference point made
We are approaching a huge resistance zone and a healthy correction should take place here. Divergences set at all timeframes also indicate there should not be many bulls left here...
I believe a retracement would start somewhere at 0.7450 level. Today and tomorrow close will be important: if it closes above 0.75680 at some moment, the pattern is invalidated.
I set a Sell Limit order at 0.7450 with a SL at 0.76 and target 0.66 zone
We are approaching a huge resistance zone and a healthy correction should take place here. Divergences set at all timeframes also indicate there should not be many bulls left here...
I believe a retracement would start somewhere at 0.7450 level. Today and tomorrow close will be important: if it closes above 0.75680 at some moment, the pattern is invalidated.
I set a Sell Limit order at 0.7450 with a SL at 0.76 and target 0.66 zone
Transaction en cours:
Shorted 0.25 lots
Transaction en cours:
Added 0.25 lots at 0.7438
Commentaire:
Developing smoothly! Added 0.25 lots at 0.7324
Commentaire:
Crawling down. All shorts to breakeven. Will close 2/3 of a position once quote hits 0.68
Commentaire:
Advancing really and incredibly slowly...
Commentaire:
Holding a position for 4 months already =(
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!
