NZD/JPY Butterfly Pattern Setup
Hello Traders
We detected a bearish butterfly pattern in NZD/JPY. its final target is about 80.
Right now Price is above resistance zone but we should consider a pullback to resistance zone again.
RSI is declining and hit the overbought zone so a correction needed for RSI.
buying in resistance zone is recommended if you are going to try this setup.
Thanks for Reading
We detected a bearish butterfly pattern in NZD/JPY. its final target is about 80.
Right now Price is above resistance zone but we should consider a pullback to resistance zone again.
RSI is declining and hit the overbought zone so a correction needed for RSI.
buying in resistance zone is recommended if you are going to try this setup.
Thanks for Reading
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