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lyl89
Sep 20, 2017 3:28 AM

EURCHF - Potential Butterfly Pattern Short

FX:EURCHF1D
Euro Fx/Swiss FrancFXCM

Description

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The bearish butterfly pattern may be completing in a few days.
Good R:R at 2.8 (TP1) and 4.6 (TP2).
RSI is reaching overbought level soon.

I will update if pattern completes.

Trade active

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Trade closed: target reached

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TP1 hit.

Comment

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Shifted 2nd position to TP1.

Trade closed: target reached

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2nd position closed at TP1.
Harmonic PatternsButterflyEURCHFeurchfshortBearish Butterflyharmonicforexscottcarney
Comments
7727771
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OK thanks!!!
7727771
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"I will update if pattern completes."
lyl89
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@7727771, Hey mate, sorry I was out, just noticed that the pattern has already completed.
Looking at H4 chart, price closed in PRZ, RSI overbought.
Although a little late as price has reacted, I felt that the R:R is still good, so I decided to short now.
Check out the screenshot below :
lyl89
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@7727771, hope you can understand that I am unable to monitor the charts all the time, but I will try my best =)
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