P.NatButterCake

15M AgressiveC onward to a Bear BUTTERFLY

FX:EURUSD   Euro Fx/U.S. Dollar
160 2 0
Case for Entry
Series of recent HLs             -> short term Bullish
RSI OB             but we have a RSI trend shift above indicating market might go higher before giving another bearishDIV
prev. SUPPORT around D completion giving about 2:1 RRR             using 3 ATR(7)

Target off -> STOP&REVERSE @ Butterfly entry
FIB confluence: 127XA Ret., 1618AB Ext., 1618BC Inv., Harmonic 1414AB=CD
P.NatButterCake
2 years ago
Adding another 618 Ret. from the last swing high back to the bearCYPHER indicating even higher probability at butterfly entry
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P.NatButterCake
2 years ago
Aggressive C-ing before market move pass B point is too risky, make sure you'll be able to monitor the trade frequently In case the market has found support/Resistant and deny to move pass that B point. In this particular entry, I should get out as soon as the next RSI Divergence occurs and wait for the next signal/Pattern
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