As of the chart, we see that price have been rejecting 1.050 for twice. so thats why Last Week I took my short. And looking at last friday's bar, price actually punch thru the next @ 1.0365 and it closed back up to the . if Monday's Candle can close below the & able to reject both the EMAs that will be probably a good continue shorting signal.
Also, shorting before the completion of the pattern maybe risky.
Finally, if you are seeing a butterfly form, where are you projecting your point "D"
Other than that, very good chart, and good catch on the pattern. I thought I was the only person noticing that pattern form here on tradingview.com