Potential Butterfly Pattern Setup

FX:EURUSD   Euro / U.S. Dollar
158 0 3
Trade Management

Pattern: Butterfly

Symbol: EURUSD            

Date: Monday, 16th of November 2015

Timeframe: 60M

Entry-Point: 1.0681 (Limit Order)

Stoploss: 1.0661

Take-Profit 1: 1.0738

Take-Profit 2: 1.0772

Description: The EURUSD             pair stayed in a Range for the last couple of Days. The Minor Support Area at the 1.0673 will be used for our stoploss. The Trading Idea is a high probability trading setup because the completion of Point D falls right into the Minor Support Area . Therefore price is likely to change momentum to the upside.

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