Nice Bearish Butterfly Pattern on the NZDJPY

I'm looking to sell this setup since it has approached a strong resistance zone. I do believe the trends upward impulse momentum has slowed down so expect a nice correction before selling. Stochastic is also nicely overbought.

My Target area: 78,200 - 78,000

Always apply risk management.

:)

Kommentera:

Fib Zone and Stochastic reached overbought area. Wait for sell signal.

Kommentera:

Daily Chart

Trade stängt: målet nått:

Hope you locked in those profits. :)