1H Butterfly
Hello,
We have a B.F. with good ratios. We have an Entry point just before a Daily Fib .382.
The risk reward is really good.
On the Daily we have a new structure low, telling us that this pair is on a down trend. This is the first retest of a Fib Line.
WARNING: This could retest Structure at the resistance point, at the 50% Fib of the Daily.
But lets see if we can get some pips, managing this trade.
Good luck.
We have a B.F. with good ratios. We have an Entry point just before a Daily Fib .382.
The risk reward is really good.
On the Daily we have a new structure low, telling us that this pair is on a down trend. This is the first retest of a Fib Line.
WARNING: This could retest Structure at the resistance point, at the 50% Fib of the Daily.
But lets see if we can get some pips, managing this trade.
Good luck.
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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.