NZD/CHF - Bullish Butterfly

Hello traders, it appears NZD/CHF is now forming a bullish butterfly pattern on the 30m chart. This is an excellent short-term opportunity with a potential 80+ pip return!

The measurements for a valid butterfly pattern are detailed below.
B: 0.786
C: 0.382 - 0.886
D: 1.618 - 2.24
X to D: 1.272

I'll be looking for additional analysis once price approaches the potential reversal zone.

I hope you all have a great weekend :)

Yorum:

"Another one" - DJ Khaled