GBP/NZD - Nice potential Butterfly pattern forming with strong bullish momentum.
We've had multiple BOS with price rejecting from the 0.618 from the last retracement. (I'm using the fib extension here for profit targets)
The 1.618 lines up perfectly with a strong PRZ/D point of the butterfly.
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
We've had multiple BOS with price rejecting from the 0.618 from the last retracement. (I'm using the fib extension here for profit targets)
The 1.618 lines up perfectly with a strong PRZ/D point of the butterfly.
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.