TerryHarmonicTrading
Short

EURUSD - Bearish Butterfly Completed

OANDA:EURUSD   Euro / U.S. Dollar
This is the H4 chart of EURUSD             .

It has completed a bearish butterfly pattern at around 1.2250.

I believe the underlying trend is still bullish , therefore I am only aiming for the 38.2 profit level.

Next week, I will be monitoring the 1.2250-1.2260 level for potential short.

I want to see exhaustion vol happening when price retest the downsloping trendline .

Entry 1.2250-.2260
SL 1.2350 (90/100)
The AD 38.2 is my first profit target at 1.2030 (220/230)

Same idea but i think it may run for 1.23050 before going down
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farn87 farn87
@farn87, sorry i meant 1.2350
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Is this pattern possible ?
D not to high ?
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