Sunday, February 28, 2016

butterfly bearish update - take profit level

Update to the previous bearish butterfly short opportunity.
Take profit taken due to 1. Friday afternoon, 2. impulse move equal to BC swing.

Butterfly bearish take profit

For more about butterfly pattern trading take a look at:

Friday, February 26, 2016

butterfly bearish pattern on Forex NZDUSD

Butterfly bearish marking possible end of correction at NZDUSD.

 AB=CD, XAD=1.13

butterfly bearish pattern on NZDUSD

New version of DaVinci indicator: