Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
USDCAD H1 Bear Butterfly
U.S. Dollar / Canadian Dollar
USDCAD H1 Bear Butterfly
By TradeWithWayneYia
Follow
Follow
Updated
Jan 24, 2019
5
Cheer
Cheer
2
2
Jan 21, 2019
Big time frame downtrend, for those who missed the weekly Bear Bat on my previous post, this is a potential retry point.
Entry: 1.3370
SL: 1.3407 (-37pips)
TP1: 1.3301 (+69pips)
TP2: 1.3254 (+116pips)
To consider extended target based on my analysis on the weekly chart:
Do like and share this post. Follow me if my trading style suits you as I will be updating on a more regular basis.
Jan 24, 2019
Comment
Miss entry by a few pips.
Will remove my pending order and observe if there is a second entry at this price level.
Jan 25, 2019
Trade active
Trade engaged:
Entry: 1.3370
SL: 1.3407 (-37pips)
TP1: 1.3301 (+69pips)
TP2: 1.3254 (+116pips)
Watching out for price to break and close below 1.3306 for potential big move down for extended targets.
Jan 26, 2019
Trade closed: target reached
Reached TP2, +116pips.
I’m still holding on to some short positions for this pair based on the weekly Bat Pattern.
askforex100
Butterfly
forex100academy
Harmonic Patterns
harmonicsforex
Supply and Demand
tradeideas
tradewithwayneyia
trading
TradeWithWayneYia
Follow
Also on:
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
.