CADJPY providing us with a super clean (max) butterfly and a beautiful C-D pitchfork to accompany.
Median line was tapped almost immediately! Remember, 80% chance of this happening!
So, I'm hesitant to go short - right away.
However, the pitchfork should give at least one of two super easy plays!!
Watch for price action to bounce around inside the channel!
Median line was tapped almost immediately! Remember, 80% chance of this happening!
So, I'm hesitant to go short - right away.
However, the pitchfork should give at least one of two super easy plays!!
Watch for price action to bounce around inside the channel!
Trade closed: stop reached:
Boo!!! Turned on me almost immediately. Will be doing analysis on this and will report back with anything interesting I find out.
Comment:
Note that -after- leaving the top of the pitchfork, the trend idea really went to shit. Be very weary staying in a position if it's leaving the opposite side of your pitchfork.