Tradesy1

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:

https://www.youtube.com/channel/UCXREo23D0BbZpqWfCTIR7Pg

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