Potential Butterfly Pattern Setup
Trade Management
Pattern: Butterfly
Symbol: EURUSD
Date: Monday, 16th of November 2015
Timeframe: 60M
Entry-Point: 1.0681 (Limit Order)
Stoploss: 1.0661
Take-Profit 1: 1.0738
Take-Profit 2: 1.0772
Description: The EURUSD pair stayed in a Range for the last couple of Days. The Minor Support Area at the 1.0673 will be used for our stoploss. The Trading Idea is a high probability trading setup because the completion of Point D falls right into the Minor Support Area. Therefore price is likely to change momentum to the upside.
More Trading Setups at plantotrade.com
Pattern: Butterfly
Symbol: EURUSD
Date: Monday, 16th of November 2015
Timeframe: 60M
Entry-Point: 1.0681 (Limit Order)
Stoploss: 1.0661
Take-Profit 1: 1.0738
Take-Profit 2: 1.0772
Description: The EURUSD pair stayed in a Range for the last couple of Days. The Minor Support Area at the 1.0673 will be used for our stoploss. The Trading Idea is a high probability trading setup because the completion of Point D falls right into the Minor Support Area. Therefore price is likely to change momentum to the upside.
More Trading Setups at plantotrade.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.