USDCHF losing momentum at resistance, nice breakout shows a good opportunity to open a short position
Now, here is another counter-trend trading opportunity on the bullish butterfly(cyan), the market is right now at the sell zone of the structure. Are you able to create a trading plan out of that too?
Was staring this for days, initially was waiting for double top with RSI divergence, guess I'm good even with Falling Wedge with RSI Div. You have to know your plan and of which is the mode of engagement. Follow your plan
Normal Reward:Risk classify this under Class C Trade, also known as everyday affair trade.
Spotted this Bear Bat formation, pretty happy with it as it hit Weekly Resistance Area on D completion.
It depends where's your X point it may be a Gartley or Bat for you, but in this case is Gartley for me and the entry price is the same, how nice is that. Patterns over Patterns.
Extensive depreciation of GBP also known as UK Pound due to brexit and this creates an emerging Butterfly Pattern. Looking to engage this as my filter start to give the signal to do so.
Base on H4 it's still on anuptrend run, thus this is a trend continuation trade. Let's see how this shark turns out.
Shorted this pattern and have a 2:1 on TP2
Check your data on B, is a gartley for me. Using different target level for Target2, my inner-circle group got it.
Spotted this setup in the day and seems it move closer to the entry level, guess might as well share this. I would need additional confirmation to engage this trade. As is base off H4 chart, can be pretty relax taking this trade.
Spotted this setup and its valid. Already alerted my private group on this setup. Good luck traders.