REC bullish AB=CD after bearish butterfly pattern
Updated
If you saw my previous analysis, you know that my sell signal was at 1225-1215 based on a bearish butterfly pattern, now that signal is near its final target.
link: https://www.tradingview.com/chart/EURUSD/HIuPANis-Bearish-butterfly-in-eurusd/
Now you can take long position based on a reciprocal ab=cd pattern in the 1170-1180 area
sl: 1155
tp: 1205
note this is riskier than a sell signal at top of the descending channel because our main short term trend is bearish. ( but in mid term it seems eurusd will be bullish in next days)
link: https://www.tradingview.com/chart/EURUSD/HIuPANis-Bearish-butterfly-in-eurusd/
Now you can take long position based on a reciprocal ab=cd pattern in the 1170-1180 area
sl: 1155
tp: 1205
note this is riskier than a sell signal at top of the descending channel because our main short term trend is bearish. ( but in mid term it seems eurusd will be bullish in next days)
Order cancelled
Trend reversed before our buy point .
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