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RaynLim

NZDJPY - Bullish Butterfly Pattern

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Dolar New Zealand / Yen Jepun (FX:NZDJPY)  
RaynLim  
FX:NZDJPY   Dolar New Zealand / Yen Jepun
Butterfly Candlestick Analysis Harmonic Patterns askforex100 NZDJPY Bullish Butterfly countertrend Candlestick analysis rsidivergence
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butterflypattern candlestick harmonicpatterns askforex100 nzdjpy bullishbutterfly countertrend candlestickanalysis rsidivergence
A Bullish Butterfly Pattern is about to emerge, I'm waiting for the candle to touch 77.91 and retraces for a valid pattern. But for some Harmonic Pattern trader would have treated this as a Type 2 trade as the candle circled in yellow is close enough to them. It misses the completion by a pip. I'm not going to argue on that as every trader can have their own trading rules and they have their own trading decision to make. I'll still wait for the candle confirmation at 77.91.
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