GBPNZD According to the news, the NZD is likely to rise against its currency pairs. On the other hand, we also see the butterfly pattern, although it is not ideal. RSI has also made a sharp divergence. All this increases the possibility of GBPNZD being bearish.
Trade closed manually
I close the position at price 2.0678 because the butterfly pattern has completely failed. I will wait for the candlestick confirmation and then enter the position again.Trade active
We reached the desired area and the candlestick pattern is also formed.
Trade closed: target reached
I said in the comments that when the price reaches 2.04, I will close my short position. Now the price has reached 2.04
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.