USDCHF Buttefly completion
As always when taking a trade, look for at least three types of confirmation.
This is where the butterfly completes, together with the trendline resistance and the 61 fib from previous leg down.
This trade offers a great risk/reward ratio right under the inverted hammer.
Never risk more than 2% of your capital.
Good luck.
This is where the butterfly completes, together with the trendline resistance and the 61 fib from previous leg down.
This trade offers a great risk/reward ratio right under the inverted hammer.
Never risk more than 2% of your capital.
Good luck.
Note
Trade Active.Note
Just realized that the stop loss isnt put above the pinbar on the chart. As it of course should be.Note
First target hit. Profit taken and SL moved to breakeven.
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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.