incomehack

Butterfly & Bat in EURJPY 30M - But i don't trade it, WHY?

FX:EURJPY   Euro / Japanese Yen
5
Trade with Harmonic Patterns is very profit
As long as correct rules , but still do not blindly trade when see the patterns
In this case we have 2 patterns : Butterfly & Bat

But i do not trade this, why?

Look in the chart, we have Head & Shoulders pattern, come along with RSI Divergence as long as have good down trend before

Those patterns tell us good chance that we will have reversal , but harmonic said another thing

What we do now, AVOID both, simple as that

We win when we not losing money in trading :)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.