Berish Butterfly on Hourly. As per Carney, when this pattern shows up, it might signal the end of a trend.
This is just one of the scenarios so trade with a tight stop loss. Mine is 0.77790 , having all resistance broken for this trade and this scenario. TP not set as I am planning to follow close this trade if it works.
This is just one of the scenarios so trade with a tight stop loss. Mine is 0.77790 , having all resistance broken for this trade and this scenario. TP not set as I am planning to follow close this trade if it works.
Trade active:
I am as bad at politics as Donald Trump,but it seams that this doesn't matter, because bad at politics equals good in market.Mostly trumped this one. Move stop lose above X at 0.77397
Comment:
For traditional exits, this trade gave away all that it was to give. However, the trend is not over yet. If it breaks below the lows most likely will continue lower. At this time we have a nice move down in a complete ABCD. IF the retracement up will stall around 38,2 Fibo and fail to break up, there is added confirmation that selling pressure continues. Closed half of my position at this poin