KamalFX
Short

BEARISH BUTTERFLY PATTERN COMPLETION

FX:EURAUD   Euro Fx/Australian Dollar
Here with have a nice bearish butterfly pattern where price also meets structure (Previous support/resistance ).
Is it a short now or when time reaches the box you have listed? What stop do you use? Target 1.39496?
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KamalFX timwest
Yes it is a short now as price hit the 1.618 level. Reason why the box is there is because I had this set up last week. Unsure whether to place my stop just above structure at 1.44442 or just above structure at 1.48000, what are your thoughts? And yes my target is around the 1.39496 level.
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