Bearish Butterfly (4H)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
The standard Take profit targets for most of the major harmonic patterns is 38.2% and 61.8% of AD.

My personal preference is to use 2R and 4R as demonstrated in this live chart.

Closing 50% of my position at 2R allows the remaining 50% to be risk free, alleviating any stress that arises from having capital at risk.

Subscribe to my youtube channel for video tutorials on trading the Forex, Cryptocurrency and Stock markets:


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out