USDCHF - Bearish Butterfly..
This is the most beautiful and perfect butterfly I have ever seen. The Fib Ratios of the pattern fill the criteria so perfectly with a really good risk to reward ratio, I am giving into my temptation of catching the butterfly....
Rules of Engagement.....
Shorting at point 'D'.....
With stops above 'D'...
And
Target 1 - At 38% reatracement of 'CD' which beautifully falls on the previous structure resistance....
With stops moved to Point 'D".....
Target 2 - At 60% retracement of 'CD' which also falls on the intermediate resistance levels i.e Point 'B'....
Rules of Engagement.....
Shorting at point 'D'.....
With stops above 'D'...
And
Target 1 - At 38% reatracement of 'CD' which beautifully falls on the previous structure resistance....
With stops moved to Point 'D".....
Target 2 - At 60% retracement of 'CD' which also falls on the intermediate resistance levels i.e Point 'B'....
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