Drawing my bespoke fib from the high of the previous entry to the new low allows me to scale in with a third entry at the 50% retracement level.
Following the same process as the previous entries I now have 3R profit secured with more than a full sized risk free position running.
ENTRY 1:-
ENTRY 2:-
Bearish Butterfly Main Entry:-
Following the same process as the previous entries I now have 3R profit secured with more than a full sized risk free position running.
ENTRY 1:-
ENTRY 2:-
Bearish Butterfly Main Entry:-
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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.