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Chart of the moment: $NZDUSD, a Bearish Butterfly it is

by Gav Leave a Comment

Here is what I see in Kiwi dollar ($NZDUSD). We are looking at a bearish butterfly pattern now, well, in case you are into harmonic pattern.

Again, is the chart trying to tell you something?

Trade well.

Filed Under: Harmonic setups, Trading Journal Tagged With: Bearish Butterfly, Chart of the moment, FX, NZDUSD, Trading Journal

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Comments

  1. Andrewunknown says

    at 11:48 pm

    Talk about sharp eye, this is dead on a bearish butterfly in every detail: great job. Once you get a basic feel these are very easy to spot, though some of the finer points take some time to remember (harmonictrader.com or the page you noted earlier is good to have on hand as a resource for the retracement/projection/extension values on each pattern. I posted a chart which outlined the same pattern with a bit more explanatory detail of the fib levels: http://chart.ly/v36sv5s .

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My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

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