dojitrader
Short

Butterfly Flew Out Of Studying traderWgun Complex EW

FX:GBPCAD   British Pound / Canadian Dollar
132 0 2
A reasonably harmonic/symmetrical Butterfly pattern caught my eyes
as I was studying this chart from traderWgun:
https://www.tradingview.com/v/tCEHfDLW/#tc91011
trying to figure my entry and risk noticed the butterfly lands
right on the entry where A = C of the X leg near the top
of the entry zone marked on his hourly chart. Plus, this current C
wave seems to be subdividing into a clear 5 waves,
and all happening at what I would consider the
first line of resistance from the daily chart .
It's all looking so sweet I figure it will not require much risk
in that it if the harmonics fall apart I want out. OR, if they
remain there should be a fairly abrupt reversal.
I'm starting to smack my lips - never a good sign !
However, the risk is well defined and the reward Huge,
so, I'll be there !
Thanks to traderWgun for all his great work !!!!

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