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WilliamSurya
Apr 27, 2017 11:06 PM

EURUSD: Butterfly pattern setup Long

Euro Fx/U.S. DollarFXCM

Description

Reason to entry:
-Butterfly Pattern
-price consolidate around resistant indicate price don't want to any lower and have probability to breakout the resistant of flag pattern (failed flag)
-161.8 completion at strong structure lvl
-wait for RSI confirmation
-wait for higher high and higher close candle to minimize the risk

Entry:
-127.2% Butterfly’s completion
-161.8% Butterfly’s completion

Exit:
-38.2% retracement
-61.8% retracement

Void if:
-Failed pattern
-premature up move

Remember that market always right!
Manage your trade well!
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