USDCHF - Bearish Butterfly Completion

Hey guys, this is a new pattern completion I spotted on USDCHF.

I am expecting it to break 1.01, complete the butterfly pattern before reversing.

EP: 1.01
SL: 1.0150
TP: 0.9870

Note

Very close to my entry level.

My only concern is RSI is still not overbought, will continue to be patient and short only when RSI is at overbought.

Note

Rejection bar complete with RSI overbought.

I'm short at 1.0080.

SL 1.0130 (50)

Profit target open for now

Trade closed: stop reached

I have been stopped out on this, taking a loss of 50 pips.

As you can see, I am unaffected by the volatility.

I have a trading system, and I stick by my rules.

Even though I take small losses along the way, this has allowed me to ride out the good winners.

The 2nd retest of the PRZ is usually good enough to propell the trade towards my target. However, it bashed strongly upwards and I have been taken out.

Moving on to my next quality setup.

TerryHarmonicTrading

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TerryHarmonicTrading

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