EURJPY: Long Butterfly pattern setup
Reason to entry:
-Butterfly pattern
-Flag pattern as consolidation before moving up
-Butterfly 161.8 completion at retest of previous structure
-161.8 completion at strong support lvl
-Fibonacci Confluence (2) at 161.8 completion
-Wait for RSI and candle confirmation
Entry:
-127.2 butterfly completion, or..
-161.8 butterfly completion
Exit:
-61.8% retracement of 161.8 butterfly (in line with strong resistant)
-retest of A point
Void if:
-failed 161.8 butterfly
-premature move
Remember that market always right!
Manage your trade well!
-Butterfly pattern
-Flag pattern as consolidation before moving up
-Butterfly 161.8 completion at retest of previous structure
-161.8 completion at strong support lvl
-Fibonacci Confluence (2) at 161.8 completion
-Wait for RSI and candle confirmation
Entry:
-127.2 butterfly completion, or..
-161.8 butterfly completion
Exit:
-61.8% retracement of 161.8 butterfly (in line with strong resistant)
-retest of A point
Void if:
-failed 161.8 butterfly
-premature move
Remember that market always right!
Manage your trade well!
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