Thursday, November 19, 2015

NZDUSD butterfly bulish pattern - initial price action



Very nice overnight price reaction on the NZDUSD butterfly bullish pattern from yesterday (see preevious post):


turning point confirmed also by the MTF Cycle indicator. Cycles from 3 different timeframes were projecting the turning place possibility.

For more on our cycle indicator see: http://tools.tradingarsenal.com/MTF-cycles-indicator-mt4/


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