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TheForexSamurai
Feb 16, 2017 9:34 PM

SHORT opportunity here with 2 patterns and bearish divergence Short

Euro Fx/Australian DollarFXCM

Description

Hi guys. We got a short opportunity coming right here. We got 2 pattern that is soon to complete. A bearish AB=CD and a bearish Butterfly Pattern. And as you can see market and our oscillator (RSI:7) is giving us a kind of bearish divergence. Trade wisely.

Bearish Butterfly Pattern completion: 1.3905. Stops above the zone (161.80%) or could go with 1:1 risk:reward.
TP1: 1.3835
TP2: 1.3792
We can also have an extended targets right here.

Comment

If you front run your sell orders and got triggered, say with the ask/bid price. TP1 is already taken.

Comment

If you front run your sell orders and got triggered, say with the ask/bid price. TP2 is already taken.
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