EURUSD bullish butterfly

price gaped up after price formed a bullish butterfly

Trade active

Trade closed: stop reached

compensated with GBPUSD trade.

i don't retry this one because EURO don't react like I planned and the quality of this signal make me think retry is not a good idea.

Maybe ECB decided to keep euro down because of trade (that benefit europe to have a weak euros in commercial trade because when euro is strong , the medium class don't buy european product, they buy asian products because it's less expensive in terms of dollars).

so maybe euro should continue falling don't know. will make a monthly/weekly analysis at the end of this week.

for the moment i won't touch it

Note

i took the joker (decided to ignore this trade for protection of capital purpose).

While days pass I understood more and more, the principle to be ultra defensive in trading.

Note

for exemple when the EURUSD is at 1.4

and a mercedes is at 100 000euros, a renault megane is at 18 000 euros and a hyunda is at 20 000$.

The valuation of the mercedes is at 140 000usd , the renault megane is at 25000 usd

so the rich like star, president, dubaiot and all, they don't care to buy the mercedes because they don't care of money. but the medium class when they have to choose between the renault megane and the hyundai. they pick the hiunday because 5000 usd less expensive

When the EURUSD is at 1. France, spain , belgium and other countries have better competitivity

Note

the medium class took the renault megane instead of hyundai because renault is 2000 usd less expensive.

Note

Note

jeanneymar011001

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jeanneymar011001