EURUSD: Butterfly pattern setup
Reason to entry:
-Butterfly Pattern
-price consolidate around resistant indicate price don't want to any lower and have probability to breakout the resistant of flag pattern (failed flag)
-161.8 completion at strong structure lvl
-wait for RSI confirmation
-wait for higher high and higher close candle to minimize the risk
Entry:
-127.2% Butterfly’s completion
-161.8% Butterfly’s completion
Exit:
-38.2% retracement
-61.8% retracement
Void if:
-Failed pattern
-premature up move
Remember that market always right!
Manage your trade well!
-Butterfly Pattern
-price consolidate around resistant indicate price don't want to any lower and have probability to breakout the resistant of flag pattern (failed flag)
-161.8 completion at strong structure lvl
-wait for RSI confirmation
-wait for higher high and higher close candle to minimize the risk
Entry:
-127.2% Butterfly’s completion
-161.8% Butterfly’s completion
Exit:
-38.2% retracement
-61.8% retracement
Void if:
-Failed pattern
-premature up move
Remember that market always right!
Manage your trade well!
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