GC - Bullish Butterfly
At the point D, the market should push the price up above the Quarter point (Q25, then we'll go long for 250 pips TP 1 and other 200 pips for TP 2).
to anticipate the move, just go long at point D.
confirmations we have:
- RSI divergence
- Bollinger oversold
ps: we should wait fora bullish price action (pin bar, tweezers, double bottom, ...)
At the point D, the market should push the price up above the Quarter point (Q25, then we'll go long for 250 pips TP 1 and other 200 pips for TP 2).
to anticipate the move, just go long at point D.
confirmations we have:
- RSI divergence
- Bollinger oversold
ps: we should wait fora bullish price action (pin bar, tweezers, double bottom, ...)
Note
Take partial profitTrade closed: stop reached
Stopped at BE after TP 1 reached
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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.