Identified a bearish Butterfly pattern completing at around 87.92. From the hints given by the recent candles, I believe that price could move up to test the 87.92/88.00 level once more before it falls.
I would want to see a bearish candle setup at that sell zone before taking a trade.
I would want to see a bearish candle setup at that sell zone before taking a trade.
Note
M15 Price action looks like price rejecting the PRZ.H1 candles still up
Trade active
Price rejected 87.92 again. Stops slightly above 88.08
Note
Sorry wrong chart. Here is the right oneTrade active
TP1 achieved,partial close with 22pipsMoved second batch to break even (risk free trade)
Trade closed: stop reached
All trades closed1st batch 22pips
2nd batch +0pips
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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.