Back again with another solid harmonic pattern about to complete!
This time is a bullish butterfly on the EURCAD 15/60m timeframes
Reasons to enter
1. Butterfly to complete
2. RSI oversold
3. The trade is positioned at a strong support zone in both 15m and 4h time periods
Execution
1. Look for a completion of the butterfly, and wait for candlestick reversal to enter
2. Trade for TP1 at 382 and TP2 at the 618 of AD leg
3. SL can be placed at the 1618 or ATR based SL
Good trade to enter soon
This time is a bullish butterfly on the EURCAD 15/60m timeframes
Reasons to enter
1. Butterfly to complete
2. RSI oversold
3. The trade is positioned at a strong support zone in both 15m and 4h time periods
Execution
1. Look for a completion of the butterfly, and wait for candlestick reversal to enter
2. Trade for TP1 at 382 and TP2 at the 618 of AD leg
3. SL can be placed at the 1618 or ATR based SL
Good trade to enter soon