Butterfly on USDCAD Completed - Update
Updated
After a grueling wait, the USDCAD butterfly is almost complete. Price testing reversal zone. PRZ clearly mentioned in the chart.
Make sure to open the trade on the reversal from PRZ. Not while it is approaching the PRZ.
Some historical reversal points are marked with green lines for better judgment.
Stoploss @ 1.3375.
Major support down at 1.3180... Hopefully, the price will reach there. So make judgments on entry and exit carefully...
Make sure to open the trade on the reversal from PRZ. Not while it is approaching the PRZ.
Some historical reversal points are marked with green lines for better judgment.
Stoploss @ 1.3375.
Major support down at 1.3180... Hopefully, the price will reach there. So make judgments on entry and exit carefully...
Comment
Partially closed from 1.3364 to 1.3374... 90 pips..closed 80 % of the position @ 1.3240 from 1.3354... 114 pips
Comment
will close remaining at 1.3180Trade closed: target reached
Closed the remaining 20% position from 1.3354 - 1.3164... about 190 pips...finally completed the trade...
extremely happy with the way things went...
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