GBPNZD BUTTERFLY HARMONIC
Updated
GBPNZD has met my requirements for a Butterfly Harmonic Pattern
-Price has started Bearish movement to the downside and moved into the extension of my pitchfork
-Profits are around 100-200+ PIPS with a Stop Loss at 2.01935
-Target 1 is around 1.98106
-Divergence with the RSI on the 1 Hour timeframe
As always if you found this idea helpful, please let me know by hitting that like button and/or leaving me a comment below.
Also feel free to share your opinion on this setup, or other setups that you have on your radar for the GBPNZD. The more ideas we can generate the more informative these ideas become for newer traders.
~T$
-Price has started Bearish movement to the downside and moved into the extension of my pitchfork
-Profits are around 100-200+ PIPS with a Stop Loss at 2.01935
-Target 1 is around 1.98106
-Divergence with the RSI on the 1 Hour timeframe
As always if you found this idea helpful, please let me know by hitting that like button and/or leaving me a comment below.
Also feel free to share your opinion on this setup, or other setups that you have on your radar for the GBPNZD. The more ideas we can generate the more informative these ideas become for newer traders.
~T$
Trade closed: target reached
Target 1 has been reached twice! First with the expansion, Second after the break & retest
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