NZDUSD. Possible Butterfly pattern

Another risky setup having only One reference point made

We are approaching a huge resistance zone and a healthy correction should take place here. Divergences set at all timeframes also indicate there should not be many bulls left here...

I believe a retracement would start somewhere at 0.7450 level. Today and tomorrow close will be important: if it closes above 0.75680 at some moment, the pattern is invalidated.

I set a Sell Limit order at 0.7450 with a SL at 0.76 and target 0.66 zone

Zlecenie aktywne:

Shorted 0.25 lots

Zlecenie aktywne:

Added 0.25 lots at 0.7438

Komentarz:

Developing smoothly! Added 0.25 lots at 0.7324

Komentarz:

Crawling down. All shorts to breakeven. Will close 2/3 of a position once quote hits 0.68

Komentarz:

Advancing really and incredibly slowly...

Komentarz:

Holding a position for 4 months already =(