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?
Reply
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.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out