Reason to entry:
-Butterfly pattern
-strong support at 1618 completion (also as descending triangle support trendline)
-previous structure have strong rejection at completion point
-always wait for RSI confirmation
Entry:
1272 butterfly completion.. or
1618 butterfly completion
Exit:
-382 retracement
-618 retracement
Void if:
-failed pattern or premature reversal
-if price breakdown the descending triangle support, reverse position as continuation
Remember that market always right!
Manage your trade well!
-Butterfly pattern
-strong support at 1618 completion (also as descending triangle support trendline)
-previous structure have strong rejection at completion point
-always wait for RSI confirmation
Entry:
1272 butterfly completion.. or
1618 butterfly completion
Exit:
-382 retracement
-618 retracement
Void if:
-failed pattern or premature reversal
-if price breakdown the descending triangle support, reverse position as continuation
Remember that market always right!
Manage your trade well!
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.
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.