tntsunrise
Long

Eurusd Back to Back Butterfly + Cypher

FX:EURUSD   Euro Fx/U.S. Dollar
1178 8 50
a year ago
EURUSD             Beautiful BACK TO BACK Butterfly and Cypher

We have a butterfly pattern completed
@ 1.0647
We have a back to back cypher (yellow)
completing at 1.0787
Trade Plan:
Long EUR now, stop below 1.0620
Target : 1.0787
Then we Short based on the Cypher Pattern
a year ago
Comment: Nice Reversal, Keep going north
a year ago
Comment: TAKE PROFIT AT 1.0745
half position
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shasst1
a year ago
really good work mate, like your analysis, always a pleasure to read your charts!

Best,
Sam
Reply
tntsunrise TOP shasst1
a year ago
Thanks bro!
Reply
Gene_L
a year ago
Hi,JACK, why don't you think that the D point of the butterfly pattern will goes to the 1.618 of AB then rise instead of the 1.414 of AB?..
Reply
tntsunrise TOP Gene_L
a year ago
Correct, For Butterfly Pattern we enter 1.272, 1.414, if go too deep , the risk reward is not very good
Reply
Marco77Polo
a year ago
short on EURUSD

Are we allowed to use advanced patter here ? seems that we still have the structure , so we hould use structure , until the trend is broken.
right ?
Reply
tntsunrise TOP Marco77Polo
a year ago
yes you can use the pattern here. because in 1h chart the price has already tested 1.272-1.414 level twice,and break the trendline
Reply
mhabash15015 tntsunrise
a year ago
what about gbp usd sir ???
Reply
tntsunrise TOP mhabash15015
a year ago
face resistance soon
Reply
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