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 :)
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 :)
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