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RaynLim

A Successful Long Trade on Bullish Butterfly Pattern

Long
New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
RaynLim  
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Butterfly Supply and Demand Harmonic Patterns askforex100 NZDJPY Bullish Butterfly butterflypatterns countertrend candlestickpattern Contains IO script
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butterflypattern supplyanddemand harmonicpatterns askforex100 nzdjpy bullishbutterfly butterflypatterns countertrend candlestickpattern containsioscript
Those who went long on the NZDJPY Bullish Butterfly Pattern might have profited more than 100 pips (~1,000 USD/lot).

The trader suggests waiting for a Type 2 Butterfly Pattern at 89.35 or a retest of support at 89.73 for a counter-trend buying opportunity.

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