McQuant

Defective bullish buttefly

FX:NZDCHF   New Zealand Dollar/Swiss Franc
0
I can see some bullish harmonic cypher being emerged on the chart. Seems like bullish butterfly but because B point is not perfect for pattern being bullish butterfly I call it ‘defective’. With that being said other price levels and pattern points are pretty correct and fits with butterfly recipe. I can also see significant RSI divergence with price. So I guess I can go long here with reasonable stop loss.

Chase value, not price
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